Is the investment-uncertainty relationship non-linear?:an emperical [i.e. empirical] analysis for the Netherlands
We examine the investment-uncertainty relationship for a panel of Dutch manufacturing firms. The system generalised method of moments (GMM) estimates suggests that the effect of uncertainty on investment is non-linear: for low levels of uncertainty an increase in uncertainty has a positive effect on investment, whereas for high levels of uncertainty an increase in uncertainty lowers investment. This result is in line with a number of theoretical studies, but has never been demonstrated empirically.
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Dokumenttyp: | workingPaper |
Erscheinungsdatum: | 2000 |
Verlag/Hrsg.: |
s.n.
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Schlagwörter: | Nederland / Investeringen / Niet-lineair gedrag / Onzekerheid / 85.30; |
Sprache: | Englisch |
Permalink: | https://search.fid-benelux.de/Record/base-26763078 |
Datenquelle: | BASE; Originalkatalog |
Powered By: | BASE |
Link(s) : | http://hdl.handle.net/11370/3f09779f-6c90-4083-8c96-6cb69fce23e7 |