Ninh, Le Khuong; Hermes, Niels; Lanjouw, Ger - In: The Economics of Transition 12 (2004) 2, pp. 307-332
This paper investigates the irreversibility of investments and the impact this has on the nature of the relationship between investment and uncertainty. The empirical analysis uses firm-level data and is based on a survey of 210 rice-milling firms in the Mekong River Delta in Vietnam, which was...