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dc.contributor.advisorRatti, Ronald A.eng
dc.contributor.authorYoon, Kyung Hwan, 1966-eng
dc.date.issued2008eng
dc.date.submitted2008 Summereng
dc.descriptionTitle from PDF of title page (University of Missouri--Columbia, viewed on Mar. 24, 2010).eng
dc.descriptionThe entire thesis text is included in the research.pdf file; the official abstract appears in the short.pdf file; a non-technical public abstract appears in the public.pdf file.eng
dc.descriptionDissertation advisor: Dr. Ronald Ratti.eng
dc.descriptionVita.eng
dc.descriptionIncludes bibliographical references.eng
dc.descriptionPh. D. University of Missouri--Columbia 2008.eng
dc.descriptionDissertations, Academic -- University of Missouri--Columbia -- Economics.eng
dc.description.abstract[ACCESS RESTRICTED TO THE UNIVERSITY OF MISSOURI AT AUTHOR'S REQUEST.] In this dissertation I estimate the effect of oil price and energy price uncertainty and energy price shocks on firm-level investment. An error correction (ECM) model of capital stock adjustment and the dynamic investment model with financial constraints based on the Euler equation are used for estimation. Estimation is by generalized method of moments with instrumental variables (GMM-IV). This dissertation uses two firm-level data sets. The first is for U.S. firms and the second is for European firms. The effect of oil price uncertainty will be examined with over 38,800 observations on over 2,665 publicly traded U.S. firms between 1971 and 2006. The effect of energy price shocks on investment will be examined with data on non-financial firms in 14 European countries between 1992 and 2005. Oil price uncertainty is measured in several ways based on the standard deviation of daily spot oil price and also by the conditional variance obtained from a GARCH model.eng
dc.format.extentx, 105 pageseng
dc.identifier.oclc568488250eng
dc.identifier.urihttps://hdl.handle.net/10355/6737
dc.identifier.urihttps://doi.org/10.32469/10355/6737eng
dc.languageEnglisheng
dc.publisherUniversity of Missouri--Columbiaeng
dc.relation.ispartofcollectionUniversity of Missouri--Columbia. Graduate School. Theses and Dissertationseng
dc.rightsAccess is limited to the campus of the University of Missouri--Columbia.eng
dc.subject.lcshPetroleum products -- Priceseng
dc.subject.lcshInvestments -- Forecastingeng
dc.subject.lcshCorporations -- Financeeng
dc.subject.lcshPetroleum industry and trade -- Economic aspectseng
dc.titleEnergy price uncertainty, energy intensity and firm-level investmenteng
dc.typeThesiseng
thesis.degree.disciplineEconomics (MU)eng
thesis.degree.grantorUniversity of Missouri--Columbiaeng
thesis.degree.levelDoctoraleng
thesis.degree.namePh. D.eng


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