relative price of investment to build and estimate these IST processes across the United States and a "rest of the world … as powerful to explain any of the four mentioned puzzles. -- international business cycles ; cointegration ; investment …In this paper, we first introduce investment-specific technology (IST) shocks to an otherwise standard international …

relative price of investment to build and estimate these IST processes across the U.S and a "rest of the world" aggregate …In this paper, we first introduce investment-specific technology (IST) shocks to an otherwise standard international …

This paper investigates the short-run impact of Investment-Specific Technology (IST) Shocks on macroeconomics variables … namely; Aggregate Investment, Aggregate Consumption and Gross Domestic Product using the VAR(p) model and quarterly data of …, yet, a shock to IST influence a change in aggregate consumption. Inferences from impulse response function (IRF) showed …

In this paper, we first introduce investment-specific technology (IST) shocks into an otherwise standard international … Economic Co-operation and Development for the relative price of investment to build and estimate these IST processes across the … United States and a "rest of the world" aggregate, showing that they are cointegrated and well represented by a vector error …

Applying Johansen cointegration test to U.S. annual data constructed from the EU KLEMS database, the paper documents … non-linear cointegration test framework developed by Kapetanios et al. (2006), that the cointegrating relation is non …-linear. The cointegration of sectoral productivities is also documented in the empirical findings of Schmitt-Grohé and Uribe (2011 …