search query: @author Madsen, J. B. / total: 2
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| Author: | Madsen, J. B. Davis, E. P. |
| Title: | Equity prices, productivity growth and "the new economy" |
| Journal: | Economic Journal
2006 : JUL, VOL. 116:513, p. 791-811 |
| Index terms: | equity capital technological innovation |
| Language: | eng |
| Abstract: | This article discusses the increase in equity prices over the 1990s and establishes a rational expectations model of technology innovations, which shows that under plausible assumptions, productivity advances can only have temporal effects on the fundamentals in equity prices. |
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