Trade and Investment under Policy Uncertainty: Theory and Firm Evidence
收藏NBER2012-01-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w17790
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资源简介：
We provide theoretical and empirical evidence that policy uncertainty can significantly affect firm level investment and entry decisions in the context of international trade. When market entry costs are sunk, policy uncertainty can create a real option value of waiting to enter foreign markets
提供机构：
美国国家经济研究局
创建时间：
2012-01-01
