Overinvestment and macroeconomic uncertainty: evidence from renewable and non-renewable resource firms

DOI10.1016/J.JEDC.2020.103973zbMath1475.91236OpenAlexW3048601019MaRDI QIDQ2246668

Tatsuyoshi Okimoto, Denny Irawan

Publication date: 16 November 2021

Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)

Full work available at URL: https://www.rieti.go.jp/jp/publications/dp/20e059.pdf

zbMATH Keywords

uncertaintybusiness cyclenatural resource companiesoverinvestment

Mathematics Subject Classification ID

Environmental economics (natural resource models, harvesting, pollution, etc.) (91B76)

Cites Work

• Strategic investment under uncertainty: a synthesis
• Investment and the dynamic cost of income uncertainty: the case of diminishing expectations in agriculture
• Strategic Growth Options
• Transport Infrastructure Investment and Demand Uncertainty
• Inefficient Credit Booms
• The Impact of Uncertainty Shocks
• Time to Build and Aggregate Fluctuations
• Dynamic Investment Models and the Firm's Financial Policy

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