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Trigger values for (non-) residential structures and equipment investment

Author

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  • Marga PEETERS

    (Econometric Resaerch and Special Studies Departement, De Nederlandsche Bank, Amsterdam)

Abstract

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.

Suggested Citation

  • Marga PEETERS, 1997. "Trigger values for (non-) residential structures and equipment investment," Discussion Papers (REL - Recherches Economiques de Louvain) 1997025, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
    • Handle: RePEc:ctl:louvre:1997025
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    File URL: http://sites.uclouvain.be/econ/DP/REL/1997025.pdf
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    Cited by:

    1. Jérôme Bourdieu & Benoît Coeuré & Béatrice Sédillot, 1997. "Investissement, incertitude et irréversibilité. Quelques développements récents de la théorie de l'investissement," Revue Économique, Programme National Persée, vol. 48(1), pages 23-53.

    More about this item

    JEL classification:

    • E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity
    • G31 - Financial Economics - - Corporate Finance and Governance - - - Capital Budgeting; Fixed Investment and Inventory Studies
    • C32 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes; State Space Models

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