題名: | An Alternative Perspective on Tobin’s Q and Aggregate Investment Expenditure |
作者: | Mark J. Holmes |
關鍵字: | Tobin’s Q|investment|nonlinear trend|co-trend |
期刊名/會議名稱: | international journal of business and economics |
摘要: | This study provides new evidence on the relationship between Tobin’s Q and private_x000D_ investment. Using a testing procedure advocated by Bierens applied to US data, both series_x000D_ are found to be stationary around a nonlinear deterministic trend and are co-trended insofar_x000D_ as they share a common nonlinear deterministic trend. |
ISSN: | issn16070704 |
日期: | 2010/04/01 |
分類: | Volume09,No.1 |
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