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題名 | An Alternative Perspective on Tobin's Q and Aggregate Investment Expenditure |
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作者姓名(外文) | Holmes, Mark J.; | 書刊名 | International Journal of Business and Economics |
卷期 | 9:1 2010.04[民99.04] |
頁次 | 頁23-28 |
分類號 | 563.5 |
關鍵詞 | Tobin's Q; Investment; Nonlinear trend; Co-trend; |
語文 | 英文(English) |
英文摘要 | Abstract This study provides new evidence on the relationship between Tobin's Q and private investment. Using a testing procedure advocated by Bierens applied to US data, both series are found to be stationary around a nonlinear deterministic trend and are co-trended insofar as they share a common nonlinear deterministic trend. |
本系統之摘要資訊系依該期刊論文摘要之資訊為主。