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- W1996729669 abstract "Abstract The expected investment dynamics of the risk‐neutral firm is examined in the presence of uncertainty in the future evolution of the real wage and the stock of technical knowledge. A model of the adjustment cost firm is developed that is characterized by quasi‐fixed, factor‐augmenting technical change that is taken exogenously by the firm. The effect of wage and technical change uncertainty on investment behavior is assessed using comparative stochastic dynamic analysis." @default.
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- W1996729669 title "Technical Change, Uncertainty, and Investment" @default.
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