We analyze the effects of intangible investment on international output synchronization. Using a dynamic stochastic …

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 United States and a "rest of the world … as powerful to explain any of the four mentioned puzzles. -- international business cycles ; cointegration ; investment …

) housing investment is about five times as volatile as output and (ii) housing investment tends to be more volatile in … investment volatility in the UK economy …

investment project duration. A complete markets model with diminishing returns to capital predicts positive cross … develop a model that distinguishes foreign direct investment (FDI) in new projects from portfolio equity. The model suggests …

We analyze the effects of intangible investment on international output synchronization. Using a dynamic stochastic …

statistically significant effect on the variability of output, consumption, investment, and the exchange rate. It is also found that …

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 …