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Is there an uncertainty-laffer curve?

Author

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  • Lensink, R.

    (Groningen University)

Abstract

This paper examines the impact of uncertainty on the capital-output ratio and per capita growth for a group of developed countries. Uncertainty seems to have non-linear effects on economic growth and positive effects on the capital-output ratio.

Suggested Citation

  • Lensink, R., 2000. "Is there an uncertainty-laffer curve?," Research Report 00E12, University of Groningen, Research Institute SOM (Systems, Organisations and Management).
    • Handle: RePEc:gro:rugsom:00e12
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    File URL: http://irs.ub.rug.nl/ppn/240502647
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    References listed on IDEAS

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    1. Caballero, Ricardo J, 1991. "On the Sign of the Investment-Uncertainty Relationship," American Economic Review, American Economic Association, vol. 81(1), pages 279-288, March.
    2. Ferderer, J Peter, 1993. "The Impact of Uncertainty on Aggregate Investment Spending: An Empirical Analysis," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 25(1), pages 30-48, February.
    3. Robert Lensink & Hong Bo & Elmer Sterken, 2001. "Investment, Capital Market Imperfections, and Uncertainty," Books, Edward Elgar Publishing, number 1770.
    4. Leahy, John V & Whited, Toni M, 1996. "The Effect of Uncertainty on Investment: Some Stylized Facts," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 28(1), pages 64-83, February.
    5. Pindyck, Robert S., 1986. "Capital risk and models of investment behavior," Working papers 1819-86., Massachusetts Institute of Technology (MIT), Sloan School of Management.
    6. Robert McDonald & Daniel Siegel, 1986. "The Value of Waiting to Invest," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 101(4), pages 707-727.
    7. repec:dgr:rugccs:199902 is not listed on IDEAS
    8. Robert Lensink & Hong Bo & Elmer Sterken, 1999. "Does uncertainty affect economic growth? An empirical analysis," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 135(3), pages 379-396, September.
    9. Abel, Andrew B, 1983. "Optimal Investment under Uncertainty," American Economic Review, American Economic Association, vol. 73(1), pages 228-233, March.
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    Cited by:

    1. Amber Fatima & Abdul Waheed, 2014. "Economic uncertainty and growth performance: a macroeconomic modeling analysis for Pakistan," Quality & Quantity: International Journal of Methodology, Springer, vol. 48(3), pages 1361-1387, May.

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