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- W2198467236 abstract "Previous studies have documented long run equilibrium relationships between e.g. stock prices and labour income or dividends and consumption. In general equilibrium, output, consumption, labour income, stock prices, and dividends are endogenous variables that are determined by the same stochastic productivity trend. We show that stock prices are cointegrated with domestic and foreign output in the G7 countries, which arguably is a more fundamental relationship than the connection between consumtion and dividends." @default.
- W2198467236 created "2016-06-24" @default.
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- W2198467236 date "2015-06-26" @default.
- W2198467236 modified "2023-09-27" @default.
- W2198467236 title "Stocks and GDP in the long run" @default.
- W2198467236 hasPublicationYear "2015" @default.
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