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Y a-t-il eu surinvestissement au Canada durant la seconde moitié des années 1990?

Sylvain Martel

Staff Working Papers from Bank of Canada

Abstract: This 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.

Keywords: Domestic; demand; and; components (search for similar items in EconPapers)
JEL-codes: C32 E37 F47 (search for similar items in EconPapers)
Pages: 37 pages
Date: 2005
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