haku: @author Davis, E. P. / yhteensä: 2
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| Tekijä: | Madsen, J. B. Davis, E. P. |
| Otsikko: | Equity prices, productivity growth and "the new economy" |
| Lehti: | Economic Journal
2006 : JUL, VOL. 116:513, p. 791-811 |
| Asiasana: | equity capital technological innovation |
| Kieli: | eng |
| Tiivistelmä: | 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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