Author : Robert S. Pindyck
Publisher : World Bank Publications
Page : 58 pages
File Size : 29,28 MB
Release : 1989
Category : Capital investments
ISBN :
Irreversible investment is especially sensitive to such risk factors as volatile exchange rates and uncertainty about tariff structures and future cash flows. If the goal of macroeconomic policy is to stimulate investment, stability and credibility may be more important than tax incentives or interest rates.
Author : Robert Lensink
Publisher : Edward Elgar Publishing
Page : 176 pages
File Size : 15,11 MB
Release : 2001-01-01
Category : Business & Economics
ISBN : 9781782541240
This book presents an up-to-date overview of the theory as well as the empirics of the relationship between investment, financial imperfections and uncertainty. After reviewing the capital market imperfections literature and the empirical results, the authors discuss both traditional investment models with uncertainty and the more modern option based models. They present an overview of empirical results of the modelling of investment under uncertainty. In these examples the effects of capital market imperfections on investment are carefully considered. The authors conclude that there is overwhelming empirical support for a negative uncertainty-investment relationship. This book should appeal to academics with an interest in investment theory, professionals in the financial sector and students of macroeconomics and finance. "Investment, Capital Market Imperfections, and Uncertainty" assumes only a basic knowledge of mathematics and is easily accessible.
Author : James Joseph Heckman
Publisher : Elsevier
Page : 1013 pages
File Size : 17,30 MB
Release : 2007
Category : Econometrics
ISBN : 0444506314
As conceived by the founders of the Econometric Society, econometrics is a field that uses economic theory and statistical methods to address empirical problems in economics. It is a tool for empirical discovery and policy analysis. The chapters in this volume embody this vision and either implement it directly or provide the tools for doing so. This vision is not shared by those who view econometrics as a branch of statistics rather than as a distinct field of knowledge that designs methods of inference from data based on models of human choice ...
Author : Zvi Griliches
Publisher : Elsevier
Page : 1013 pages
File Size : 45,61 MB
Release : 1983
Category : Business & Economics
ISBN : 0444887660
The Handbook is a definitive reference source and teaching aid for econometricians. It examines models, estimation theory, data analysis and field applications in econometrics.
Author : Stephen R. Bond
Publisher :
Page : 34 pages
File Size : 43,77 MB
Release : 2004
Category : Business cycles
ISBN :
Author : Yash P. Mehra
Publisher : DIANE Publishing
Page : 20 pages
File Size : 19,60 MB
Release : 2008-10
Category : Business & Economics
ISBN : 143790498X
Empirical evidence suggests that oil price increases have a negative effect on spending whereas oil price declines have no effect. The estimated negative effect of an oil price increase on spending is larger if we focus on oil price increases that occur after a period of stable oil prices (net oil price increases), or if spending includes durables, the latter suggesting the possible negative influence of energy prices on the purchase of big-ticket consumption goods. Furthermore, the estimated oil price coefficients in the consumption equation do not show parameter instability during the 1980s, the period when oil prices moved widely for the first time in both directions. Charts and tables.
Author :
Publisher : Springer
Page : 7493 pages
File Size : 30,79 MB
Release : 2016-05-18
Category : Law
ISBN : 1349588024
The award-winning The New Palgrave Dictionary of Economics, 2nd edition is now available as a dynamic online resource. Consisting of over 1,900 articles written by leading figures in the field including Nobel prize winners, this is the definitive scholarly reference work for a new generation of economists. Regularly updated! This product is a subscription based product.
Author : Olivier Blanchard
Publisher : MIT Press
Page : 388 pages
File Size : 16,62 MB
Release : 1993
Category : Business & Economics
ISBN : 9780262521840
This annual is designed to stimulate research on problems in applied economics, to bring frontier theoretical developments to a wider audience, and to accelerate the interaction between analytical and empirical research in macroeconomics
Author :
Publisher :
Page : 734 pages
File Size : 25,36 MB
Release : 1999
Category : Dissertations, Academic
ISBN :
Author : William Blyth
Publisher : OECD Publishing
Page : 152 pages
File Size : 18,11 MB
Release : 2007
Category : Business & Economics
ISBN :
This publication examines how uncertainty in climate change policy may affect investment behaviour in the power sector and how the costs of transition to a low-carbon economy may be addressed. For power companies, where capital stock is intensive and long-lived, those risks rank among the biggest and can create an incentive to delay investment. The analysis show that the risk premiums of climate change uncertainty can add 40 per cent of construction costs of the plant for power investors, and 10 per cent of price surcharges for the electricity end-users. It also looks at the sensitivity of different power sector investment decisions to different risks and considers the implications for policy development and design.
