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

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

10 Pages Posted: 20 Nov 2000  

Giorgio Calcagnini

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

Enrico Saltari

Department of Economics & Law

Date Written: July 2000

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.

Keywords: Investment, Uncertainty, European economy

JEL Classification: E22, C21, D92

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: https://ssrn.com/abstract=246508 or http://dx.doi.org/10.2139/ssrn.246508

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

Department of Economics & Law ( email )

via del Castro Laurenziano, 9
Rome, RM 00161
Italy

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