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Determinants of gross fixed capital formation in Colombia: the role of uncertainty
Keywords:
gross fixed capital formation, uncertainty, capital use cost, ColombiaAbstract
The main objective of this article is to determine if uncertainty influences investment in gross fixed capital formation in Colombia, since there was a sharp investment contraction and a significant uncertainty environment in 2023. Therefore, this article develops a literature review from different perspectives, besides a model by Ordinary Least Squares (OLS) and a descriptive analysis of the variables from 2006-2023. It found a negative relationship between uncertainty and investment in Colombia, the equal relationship suggested by most theoretical and empirical literature.
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