01944cas a2200253 a 4500 AALejournalIMF001482 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451850109 1018-5941 BD-DhAAL BD-DhAAL Sloek, Torsten. New Economy Stock Valuations and Investment in the 1990s / Torsten Sloek, Hali Edison. Washington, D.C. : International Monetary Fund, 2001. 1 online resource (17 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students 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 economy stocks to investment is roughly the same in North America and United Kingdom as in continental Europe. By contrast, the impact from changes in old economy stock valuations on investment is, in general, larger in North America and United Kingdom than in continental Europe. Finally, the results suggest that in continental Europe the impact on investment from changes in the valuation of new economy stocks is bigger than for old economy stocks, whereas for North America and United Kingdom the impact is more similar. Mode of access: Internet Edison, Hali. IMF Working Papers; Working Paper ; No. 2001/078 Full text available on IMF http://elibrary.imf.org/view/journals/001/2001/078/001.2001.issue-078-en.xml IMF e-Library