and uncertainty, investment in research and development (R&D), elasticities of substitution and complementarity between …We survey recent microeconometric research on investment and employment that has used panel data on individual firms or … theory of the demand for capital and labour, on which most of the econometric models of investment and employment that we …

The objective of this paper is to combine a real options framework with portfolio optimization techniques and to apply … adoption decision of particular technologies under uncertainty. These technologies are coal-fired power plants, biomassfired … optimization, where the measure of risk is the Conditional Value-at-Risk (CVaR). …

and centers the impact of uncertainty. The results of a panel study using aggregates of 5379 German entries to 22 … countries suggest that uncertainty has a U-shaped influence on the probability of entry and a negative effect on the amount of …

We investigate the effect of uncertainty on investment. We employ a unique dataset of 25000 Greek firms' balance sheets … uncertainty. The investment performance of 14 sectors is examined within a dynamic investment model. Robust GMM estimates of the … investment rate model reveal a high degree of heterogeneity among these sectors. Overall uncertainty affects negatively …

?s Investment Tests (IT) during the years 1988-1998, we create a panel with information on investment, innovation activity and … financing conditions. Financial constraints affect the distribution of investment over time in a fundamental way. Following a … on Schworm?s (1980) model of optimal investment under financial constraints, we use it to test the empirical content of …

We derive robust predictions on the effects of uncertainty on short run investment dynamics in a broad class of models … of the capital stock is ambiguous. An investment model is estimated to test these theoretical predictions using a panel … of UK firms and a stock returns-based measure of uncertainty. As predicted we find that uncertainty reduces firms …

This paper explores the possible job creation effect of innovation activity. We analyze a unique panel dataset covering … is the labour-friendly nature of innovation, which we measure in terms of forward-citation weighted patents. However …, this positive impact of innovation is statistically significant only for firms in the high-tech manufacturing sectors …

and suggest the use of disaggregated investment data to deepen our knowledge on the relationship between uncertainty and … lower exchange rate bound vis-à-vis the Euro. This unexpected change of regime induced a temporary uncertainty about future … prices in foreign markets. We believe that this hampers firm investment in the short term. Using this change in monetary …

This paper explores the employment impact of innovation activity, taking into account both R&D expenditures and …-2010. The main outcome from the proposed fixed effect estimations is a labor-friendly nature of total innovation expenditures … ETC is included as a proxy for innovation activities. Moreover, the positive employment impacts of innovation activities …