In this paper we perform a meta-analysis on empirical estimates of the impact between investment and uncertainty. Since … investment research. For example, not including factor prices in investment models may seriously affect the model outcomes … can explain to a large extent why empirical estimates of the investment-uncertainty relationship differ …

We analyse empirically the effect of uncertainty on fixed investment based on a panel data set of Japanese …, exerts a significantly negative effect on investment irrespective of the statistical methods chosen. We also find that this … negative relationship between investment and uncertainty is closely related to the degree of irreversibility of capital …