| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 965856 | Journal of Macroeconomics | 2013 | 13 Pages |
Abstract
⺠Examines the relationship between consumption growth and the stock market. ⺠Uses panel estimation techniques for G7 markets. ⺠Results show a significant relationship between the dividend yield and consumption growth. ⺠A lower yield is associated with higher future consumption. ⺠Consistent with improved future economic performance and a role for bubbles.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
David G. McMillan,