Y a-t-il eu surinvestissement au Canada durant la seconde moitié des années 1990?
AbstractThis study on overinvestment differs from the existing literature in that investment in machinery and equipment is modelled as a structural vector autoregression with identification achieved by imposing long-run restrictions, as in Blanchard and Quah (1989). The transitory components obtained from the model suggest the existence of a minor overinvestment in machinery and equipment of less than 5 per cent in 2000, despite a significant overevaluation of the stock market.
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Bibliographic InfoPaper provided by Bank of Canada in its series Working Papers with number 05-5.
Length: 37 pages
Date of creation: 2005
Date of revision:
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Domestic demand and components;
Find related papers by JEL classification:
- F47 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Forecasting and Simulation: Models and Applications
- C32 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes
- E37 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Forecasting and Simulation: Models and Applications
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