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 …

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 …

Recent theoretical developments relating to investment under uncertainty have highlighted the importance of … empirical literature which examines uncertainty and threshold effects of investment behaviour. This paper presents a review of … investment, the majority focusing on the relationship between investment flows and proxy measures of uncertainty. A general …

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 …

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 …

reverting processes are rarely used in investment models in the literature. In most models, geometric Brownian motion processes … investigations of aggregate industry investment …

Recent theoretical developments relating to investment under uncertainty have highlighted the importance of … empirical literature which examines uncertainty and threshold effects of investment behaviour. This paper presents a review of … investment, the majority focusing on the relationship between investment flows and proxy measures of uncertainty. A general …

firm-level capital investment, risk management, and debt issuance. The effects of uncertainty vary significantly by firm … expenditure and debt issuance even after controlling for investment demand. Moreover, the negative effect of uncertainty on … presence of financial frictions, high price uncertainty has significant dampening effects on capital investment of small firms …