New Activities, the Welfare Cost of Uncertainty and Investment Policies
收藏NBER1996-11-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w5825
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资源简介：
This paper studies the effect of policy uncertainty on the formation of new activities in Romer's (1994) type of an economy, where productivity of labor increases with the number of capital goods. Adding a new capital good requires a capital specific set-up cost, invested prior to using the capital
提供机构：
美国国家经济研究局
创建时间：
1996-11-01
