The impact of economic policy uncertainty and monetary policy on R&D investment: An option pricing approach
نویسندگان
چکیده
This paper adopts a real options approach to investigate the effects of economic policy uncertainty (EPU) and monetary on R&D investment. Using panel U.S. firms over period 2000–2019, we show that higher (lower) EPU contractionary (expansionary) exert positive (negative) significant influence Our findings shed light counter-intuitive behavior investments, which may help policymakers anticipate such collateral effects.
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ژورنال
عنوان ژورنال: Economics Letters
سال: 2022
ISSN: ['1873-7374', '0165-1765']
DOI: https://doi.org/10.1016/j.econlet.2022.110413