Edison, Hali; Sløk, Torsten - In: Applied Economics 35 (2003) 9, pp. 1015-1023
This paper investigates whether there is a different impact from changes in 'new' and 'old' economy stock valuations on private investment for seven OECD economies. A vector autoregressive model is estimated for each individual country, using quarterly data over the period 1990-2000. It is found...