Allocation effects of uncertainty on resources in Japan

Research output: Contribution to journalArticlepeer-review

3 Citations (Scopus)
20 Downloads (Pure)


This paper provides evidence of a negative association between macroeconomic uncertainty and the cross sectional dispersion of investment rate for a panel of Japanese manufacturing firms. We show that an increase in uncertainty leads to the narrowing of the cross section dispersion of investment rate and vice versa. This finding suggests that firms' fixed capital investment behavior becomes more homogenous in times of increased uncertainty.
Original languageEnglish
Pages (from-to)23-26
Number of pages4
JournalEconomics Letters
Issue number1
Publication statusPublished - Jan 2014


Dive into the research topics of 'Allocation effects of uncertainty on resources in Japan'. Together they form a unique fingerprint.

Cite this