Abstract

http://ssrn.com/abstract=246508
 
 

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Investment and Uncertainty: Is There a Potential Role for a Common European Policy?


Giorgio Calcagnini


University of Urbino Carlo Bo - Faculty of Economics; Università Politecnica delle Marche - Money and Finance Research Group (Mo.Fi.R.)

Enrico Saltari


University of Rome I - Department of Public Economics

July 2000

Quaderni di Economia, Matematica e Statistica No. 59. Universita' di Urbino, Facolta' di Economia

Abstract:     
The aim of this paper is twofold. First, it contributes to the long-running debate on the role of how uncertainty affects firms' investment decisions. Our results show that uncertainty is negatively correlated with investment. Secondly, it shows the desirability of a common European economic policy oriented both to the support and the stabilization of aggregate demand.

Number of Pages in PDF File: 10

Keywords: Investment, Uncertainty, European economy

JEL Classification: E22, C21, D92

working papers series





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Date posted: November 20, 2000  

Suggested Citation

Calcagnini, Giorgio and Saltari, Enrico, Investment and Uncertainty: Is There a Potential Role for a Common European Policy? (July 2000). Quaderni di Economia, Matematica e Statistica No. 59. Universita' di Urbino, Facolta' di Economia. Available at SSRN: http://ssrn.com/abstract=246508 or http://dx.doi.org/10.2139/ssrn.246508

Contact Information

Giorgio Calcagnini (Contact Author)
University of Urbino Carlo Bo - Faculty of Economics ( email )
Via Saffi 42
61029 Urbino
Italy
+39 0722 305565 (Phone)
+39 0722 305550 (Fax)
HOME PAGE: http://www.econ.uniurb.it/calcagnini
Università Politecnica delle Marche - Money and Finance Research Group (Mo.Fi.R.) ( email )
Piazzale Martelli, 8
Ancona, 60100
Italy
HOME PAGE: http://www.econ.uniurb.it/calcagnini
Enrico Saltari
University of Rome I - Department of Public Economics ( email )
via del Castro Laurenziano, 9
Rome, RM 00161
Italy
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