Sløk, Torsten; Edison, Hali J. - International Monetary Fund (IMF) - 2001
quarterly data over the period 1990-2000. We find that the impact from changes in valuations of new economy stocks to investment … Europe. Finally, the results suggest that in continental Europe the impact on investment from changes in the valuation of new … economy stocks is bigger than for old economy stocks, whereas for North America and United Kingdom the impact is more similar. …