Technological Growth and Asset Pricing

Material TypeArticleLanguageEnglish
TitleTechnological Growth and Asset Pricing Author(S)NICOLAE GآRLEANU (Author)
Abstract  We study the asset-pricing implications of technological growth in a model with “small,” disembodied productivity shocks and “large,” infrequent technological innovations, which are embodied into new capital vintages. ...Paginationp 1265–1292
SubjectEconomicsDescriptorsEconomics
Journal TitleThe Journal of Finance  
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