produced by climate-economy models while introducing the dimension of uncertainty in innovation ef- forts, without succumbing … evaluating optimal near-term innovation investment portfolios in four key clean energy technologies (solar, biofuels …, bioelectricity and personal electric vehicle batteries), taking into account the uncertainty surrounding the effectiveness of …

This paper investigates the effects of uncertainty on the investment behaviour using firm-level data for a sample of … Belgian manufacturing firms. In general, the results confirm former analysis at the aggregate level, stating that uncertainty … defined. It is shown that uncertainty has mainly an impact on the decision to invest and to a much lesser extent on the amount …

We estimate the effect of demand and price uncertainty on firms' investment decisions from a panel of manufacturing … investment, while price uncertainty is insignificant. This is consistent with the behavior of monopolistic firms with … firms. Uncertainty measures are derived from firms' subjective qualitative expectations. They are close to their theoretical …

such applications, a key role is played by complementarities in the process of innovation. …

of investment-specific technical change (ISTC); (2) the sensitivity of industry entry and exit rates to cross … of ISTC varies across industries and new investment-specific technologies can be introduced by entrants or by incumbents …

In a simple model, it is shown that a given increase in the rate of uncertainty regarding the realization of future … aversion. Moreover, this excess effect increases with both the rate of interest and the rate of uncertainty if (but not only if …) an increase in investment does not decrease the rate at which an increase in investment decreases the marginal returns to …

This paper examines the impact of economic policy uncertainty on economic growth due to its effects on firms …' investment decisions, which subsequently justify firms' financial constraints. Using a sample of Chinese listed firms, the study … documents that economic policy uncertainty reduce firms' financial constraints. The reduction in financial constraints stems …