Trigger values for (non-) residential structures and equipment investment
Marga Peeters ()
No 1997025, Discussion Papers (REL - Recherches Economiques de Louvain) from Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES)
Trigger values are derived for investment projects that are affected by uncertainty and construction periods. The importance of both aspects on the decision to invest is shown by simulation results and empirically corroborated by estimation results obtained with national (non-)residential structures and equipment data. The main conclusion is that time-to-build projects faced with uncertainty, like non-residential structures, are disproportionally more affected than projects that do not have either of these aspects.
JEL-codes: E22 G31 C32 (search for similar items in EconPapers)
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Working Paper: Trigger Values of (Non-) Residential Structures and Equipment Investment (1995)
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Persistent link: https://EconPapers.repec.org/RePEc:ctl:louvre:1997025
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