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Uncertainty and the Employment Dynamics of Small and Large Businesses

Uncertainty and the Employment Dynamics of Small and Large Businesses »

Volume/Issue: 2015/4

Series: IMF Working Papers

Author(s): Vivek Ghosal , and Yang Ye

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 January 2015

DOI: http://dx.doi.org/10.5089/9781475552515.001

ISBN: 9781475552515

Keywords: uncertainty, small businesses, real-options, financing-constraints, costs, gdp, forecasting, variables, investment, General

We examine the impact of uncertainty on employment dynamics. Alternative measures of uncertainty are constructed based on the survey of professional forecasters, and regressionbased forecasting models for GDP growt...