Gallegati, Marco; Ramsey, James B. - In: Structural Change and Economic Dynamics 25 (2013) C, pp. 60-73
This paper uses the structural change model and wavelet exploratory analysis to re-examine Tobin's q theory of … investment. There are two main results. First, wavelet exploratory analysis provides a useful complementary approach to standard … their normal in-phase relationship. Second, when we combine the results from wavelet exploratory analysis and the multiple …