Investigating the Link between Uncertainty and Investment - Microeconometric Evidence from Germany

We analyse empirically the effect of uncertainty on the investment decisions of a sample of quoted German firms. The uncertainty measures are constructed by employing two procedures: the conventional formula of standard deviation, and the GARCH methodology. In the econometric estimates the investment rate is shown to depend negatively on a variable that results from the interaction between uncertainty and market concentration.

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Year of publication:	2000-08
Authors:	Böhm, Hjalmar ; Funke, Michael ; Siegfried, Nikolaus A.
Institutions:	Institut für Makroökonomie und Wirtschaftspolitik, Fachbereich Volkswirtschaftslehre

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Extent:	application/postscript application/pdf
Series:	Quantitative Macroeconomics Working Papers.
Type of publication:	Book / Working Paper
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005764586