Rashid, Abdul; Saeed, Muhammad - In: Journal of Economic Studies 44 (2017) 5, pp. 833-860
specific) and macroeconomic uncertainty/risk. Second, the authors empirically estimate the proposed model for Pakistan. Design … macroeconomic uncertainty are computed using the conditional variance obtained by estimating the ARCH model for consumer price index …-specific and macroeconomic uncertainty affects firms’ investment decisions. The finding that firms cut their investment spending in …