However, he added: "It's bound to affect investment in the industry.
The research sets out a number of hypotheses on how market share turbulence should affect investment.
If we don't attack the problem of public insecurity, we risk affecting both national and international investment.
It would negatively affect investment there if this went south now.
Lack of income was affecting investment, particularly in buildings which were old-fashioned and labour intensive.
The later section on finance discusses how risk affects investment in developing and emerging economies.
"Having a massive financial crisis on our doorstep has affected business optimism and investment."
Perhaps most troubling, no one knows how the breakup would affect investment in software.
Business associations in the region rank crime as the number one issue negatively affecting trade and investment.
They found that a tax allowance variable played a far more important role than the interest rate in affecting investment.