equipment-goods sectors are cointegrated if and only if the aggregate neutral productivity and the investment … common stochastic trend of sectoral productivities in explaining the movements of investment-specific technology as well as … those of interesting macroeconomic aggregates such as output, consumption, investment and hours worked. For this end, I …

This paper explores the importance of investment-specific technology changes in anticipated TFP fluctuations. To this … shocks to the relative price of investment. We show in a model with IST diffusion and spillover that the correlation of these …

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 …