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We estimate the effect of demand and price uncertainty on firms’ investment decisions from a panel of manufacturing firms. Uncertainty measures are derived from firms’ subjective qualitative expectations. They are close to their theoretical counterparts, the variances of future demand and...
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three main changes associated with Turkish membership: (i) accession to the internal European Market; (ii) institutional … result of accession to the internal market and free movement of labour. If Turkey would succeed in reforming its domestic …
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