Počet záznamů: 1

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

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    0330715 - NHU-C 2010 RIV CZ eng J - Článek v odborném periodiku
    Tinn, K. - Vourvachaki, Evangelia
    Can optimism about technology stocks be good for welfare? Positive spillovers vs. equity market losses.
    CERGE-EI Working Paper Series. -, č. 383 (2009), s. 1-51 ISSN 1211-3298
    Výzkumný záměr: CEZ:MSM0021620846
    Klíčová slova: equity mispricing * R&D growth * welfare
    Kód oboru RIV: AH - Ekonomie
    http://www.cerge-ei.cz/pdf/wp/Wp383.pdf http://www.cerge-ei.cz/pdf/wp/Wp383.pdf

    This 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.
    Trvalý link: http://hdl.handle.net/11104/0176433
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