Uncertainty and Investment : Some Evidence from the Panel Data of Japanese Manufacturing Firms.

We analyse empirically the effect of uncertainty on fixed investment by estimating an accelerator-type investment function based on a panel data set of the Hapanese manufacturing firms. The uncertainty measure, represented by the conditional standard deviation of the sales ghrowth rate, is constructed by employing three different statistical models : the rolling regressions model, the ARCH model, and the conventional formula of standard deviation.

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Year of publication:	1997
Authors:	Ogawa, K ; Suzuki, K
Institutions:	Institute of Social and Economic Research (ISER), Osaka University
Subject:	UNCERTAINTY \| INVESTMENTS \| JAPAN

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Series:	ISER Discussion Paper.
Type of publication:	Book / Working Paper
Notes:	38 pages
Classification:	D92 - Intertemporal Firm Choice and Growth, Investment, or Financing
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008602861