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Investment, uncertainty and irreversibility : evidence from belgian accounting data
Cassimon, Danny; Engelen, Peter-Jan; Meersman, Hilde; … - 2002
This paper investigates the effects of uncertainty on the investment behaviour using firm-level data for a sample of … Belgian manufacturing firms. In general, the results confirm former analysis at the aggregate level, stating that uncertainty … defined. It is shown that uncertainty has mainly an impact on the decision to invest and to a much lesser extent on the amount …
Persistent link: https://www.econbiz.de/10011623419
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Firms' investment decisions in response to demand and price uncertainty
Fuss, Catherine; Vermeulen, Philip - 2004
We estimate the effect of demand and price uncertainty on firms' investment decisions from a panel of manufacturing … investment, while price uncertainty is insignificant. This is consistent with the behavior of monopolistic firms with … firms. Uncertainty measures are derived from firms' subjective qualitative expectations. They are close to their theoretical …
Persistent link: https://www.econbiz.de/10011625771
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Population aging and the direction of technical change
Irmen, Andreas - 2009
An analytical framework is developed to study the repercussions between endogenous capital- and labor-saving technical change and population aging. Following an intuition often attributed to Hicks (1932), I ask whether and how population aging affects the relative scarcity of factors of...
Persistent link: https://www.econbiz.de/10003923496
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Population aging and the direction of technical change
Irmen, Andreas - 2009 - This version: December 10, 2009
An analytical framework is developed to study the repercussions between endogenous capital- and labor-saving technical change and population aging. Following an intuition often attributed to Hicks (1932), I ask whether and how population aging aff ects the relative scarcity of factors of...
Persistent link: https://www.econbiz.de/10003908043
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Entry, Exit and Investment-Specific Technical Change, Second Version
Samaniego, Roberto M. - 2009
of investment-specific technical change (ISTC); (2) the sensitivity of industry entry and exit rates to cross … of ISTC varies across industries and new investment-specific technologies can be introduced by entrants or by incumbents …
Persistent link: https://www.econbiz.de/10013159161
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Booms, Recessions and Financial Turmoil: A Fresh Look at Investment Decisions under Cyclical Uncertainty
Funke, Michael; Chen, Yu-Fu - Institut für Makroökonomie und Wirtschaftspolitik, … - 2009
The paper studies the interaction between cyclical uncertainty and investment in a stochastic real option framework … of the link between cyclical uncertainty and investment is quantified using simulations of the model. The chief …
Persistent link: https://www.econbiz.de/10010559449
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Firms' investment decisions in response to demand and price uncertainty
Fuss, Catherine; Vermeulen, Philip - 2004
We estimate the effect of demand and price uncertainty on firms’ investment decisions from a panel of manufacturing … investment, while price uncertainty is insignificant. This is consistent with the behavior of monopolistic firms with … firms. Uncertainty measures are derived from firms’ subjective qualitative expectations. They are close to their theoretical …
Persistent link: https://www.econbiz.de/10011604393
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Booms, recessions and financial turmoil : a fresh look at investment decisions under cyclical uncertainty
Chen, Yu-Fu; Funke, Michael - 2009
The paper studies the interaction between cyclical uncertainty and investment in a stochastic real option framework … of the link between cyclical uncertainty and investment is quantified using simulations of the model. The chief …
Persistent link: https://www.econbiz.de/10010271966
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Booms, Recessions and Financial Turmoil: A Fresh Look at Investment Decisions under Cyclical Uncertainty
Chen, Yu-Fu; Funke, Michael - Department of Economics Studies, University of Dundee - 2009
The paper studies the interaction between cyclical uncertainty and investment in a stochastic real option framework … of the link between cyclical uncertainty and investment is quantified using simulations of the model. The chief …
Persistent link: https://www.econbiz.de/10004982146
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Investment, uncertainty and irreversibility: evidence from belgian accounting data
Cassimon, Danny; Engelen, Peter-Jan; Meersman, Hilde; … - Nationale Bank van België/Banque national de Belqique (BNB) - 2002
This paper investigates the effects of uncertainty on the investment behaviour using firm-level data for a sample of … Belgian manufacturing firms. In general, the results confirm former analysis at the aggregate level, stating that uncertainty … defined. It is shown that uncertainty has mainly an impact on the decision to invest and to a much lesser extent on the amount …
Persistent link: https://www.econbiz.de/10005033324