Series: IMF Working Papers
Author(s): Domenico Lombardi , and Stephen Bond
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 August 2005
Keywords: Aggregation, Uncertainty, equation, capital stock, equations, correlation, linear trend, Intertemporal Firm Choice and Growth, Investment, or Financing
This study investigates the relationship between uncertainty and investment using U.K. data at different levels of aggregation. Motivated by a comparative econometric analysis using a firm-level panel and aggregate...