and suggest the use of disaggregated investment data to deepen our knowledge on the relationship between uncertainty and … lower exchange rate bound vis-à-vis the Euro. This unexpected change of regime induced a temporary uncertainty about future … prices in foreign markets. We believe that this hampers firm investment in the short term. Using this change in monetary …

Innovation and investment are critical to economic growth. In this article, we address the complex task of evaluating … the capacity of regional innovation to increase investment and generate spillovers in regions of the European Union (EU …, innovation has the potential to generate spillover effects on neighbouring regions. Furthermore, we find that investment patterns …

This paper explores the employment impact of innovation activity, taking into account both R&D expenditures and …-2010. The main outcome from the proposed fixed effect estimations is a labor-friendly nature of total innovation expenditures … ETC is included as a proxy for innovation activities. Moreover, the positive employment impacts of innovation activities …

This research investigates deals with the impact of various innovation activities on innovation output by using Spanish … innovation activities lead to differences in both the propensity to innovate and innovation output, depending on the … technological characteristics a firm has. In general, internal R&D leads to product innovation, while machinery acquisition leads to …

-related investment cost is uncertain. Holding the average one-period investment cost constant, policy uncertainty leads to a higher … capital price and subsequently to lower levels of long-run aggregate investment and output. Policy uncertainty also makes … the simulated investment sequences from the model mimic the actual investment sequences. I find that policy uncertainty …

This paper analyses the effect of uncertainty on investment spending. We analyse two types of investment, i ….e. aggregate investment and investment in energy saving technologies, using subjective evaluations of expectations and uncertainty … of general investment spending. Furthermore, expectations and uncertainty have important although different effects on …