Bekaert, Geert; Harvey, Campbell R.; Lundblad, Christian; … - 2005
, the
2005 WFA meetings in Portland, the 2005 Globalization and Financial Services JBF/World Bank Conference, the
China …
exogenous global PE ratio and the world market PE ratio should predict relative growth.
KEYWORDS: Growth Opportunities, Market …,
Industry Mix, GDP Growth, Investment Growth.
1 Introduction
In a perfectly integrated world economy, capital should be …