New Economy Stock Valuations and Investment in the 1990s

New Economy Stock Valuations and Investment in the 1990s
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. We find that the impact from changes in valuations of new... READ MORE...

Publication date: May 2001
ISBN 9781451850109
$15.00

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