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Can optimism about technology stocks be good for welfare? Positive spillovers vs. equity market losses

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    SYSNO ASEP0330715
    Document TypeJ - Journal Article
    R&D Document TypeJournal Article
    Subsidiary JOstatní články
    TitleCan optimism about technology stocks be good for welfare? Positive spillovers vs. equity market losses
    Author(s) Tinn, K. (SE)
    Vourvachaki, Evangelia (NHU-C)
    Source TitleCERGE-EI Working Paper Series - ISSN 1211-3298
    -, č. 383 (2009), s. 1-51
    Number of pages51 s.
    Publication formwww - www
    Languageeng - English
    CountryCZ - Czech Republic
    Keywordsequity mispricing ; R&D growth ; welfare
    Subject RIVAH - Economics
    CEZMSM0021620846 - NHU-C
    AnnotationThis paper analyzes the impact of equity market information imperfections on R&D driven growth. It paper shows that optimism in equity market can generate long-run consumption gains, despite the excess capital losses realized in the short-run.
    WorkplaceEconomics Institute - CERGE
    ContactTomáš Pavela, pavela@cerge-ei.cz, Tel.: 224 005 122
    Year of Publishing2010
Number of the records: 1  

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