Title of article
Irreversibility of R&D investment and the adverse effect of uncertainty: Evidence from the OECD countries
Author/Authors
Goel، Rajeev K. نويسنده , , Ram، Rati نويسنده ,
Issue Information
روزنامه با شماره پیاپی سال 2001
Pages
-286
From page
287
To page
0
Abstract
Using annual data for nine OECD countries covering the period 1981¯1992, we find a much sharper adverse effect of uncertainty on R&D investments, which are likely to be highly irreversible, than on non-R&D (and aggregate) investments
Keywords
Markov process , Dynamic factors , Canonical analysis , reversibility , Nonlinear
Journal title
Economics Letters
Serial Year
2001
Journal title
Economics Letters
Record number
21683
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