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model features irreversible investment, no capital markets and fixed and sunk costs to export. Several features of the … distribution of investment rates and export participation patterns observed in firm-level data are closely matched in a calibration …
Persistent link: https://www.econbiz.de/10010274958
Building on a literature that underscores the value of delaying investment in the face of uncertainty, we study how … uncertainty in destination markets are associated with significantly lower exports to those markets. Furthermore, consistent with … policy uncertainty in fifteen large economies affects trade flows into these countries. We show that high levels of …
Persistent link: https://www.econbiz.de/10012983987
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Persistent link: https://www.econbiz.de/10014281786
model features irreversible investment, no capital markets and fixed and sunk costs to export. Several features of the … distribution of investment rates and export participation patterns observed in firm-level data are closely matched in a calibration …
Persistent link: https://www.econbiz.de/10008833898
In this paper we perform a meta-analysis on empirical estimates of the impact between investment and uncertainty. Since … can explain to a large extent why empirical estimates of the investment-uncertainty relationship differ. … investment research. For example, not including factor prices in investment models may seriously affect the model outco! mes …
Persistent link: https://www.econbiz.de/10011349194
prices versus tradable quantities in terms of expected welfare, given uncertainty, optimal policy and endogenous cost … significant impact. Finally, either regulatory instrument may induce the highest technology investment levels. …
Persistent link: https://www.econbiz.de/10010238324
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Does increased policy uncertainty dampen investment plans of firms? We provide direct evidence on this question by … induced policy uncertainty have revised their investment plans differently from those that did not perceive an increase in … uncertainty. We find strong evidence that an increase in policy uncertainty does lead firms to reduce their investment plans. As …
Persistent link: https://www.econbiz.de/10011458466