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Belo, Frederico; Lin, Xiaoji - 2012

Previous studies show that firms with low inventory growth outperform firms with high inventory growth in the cross …-section of publicly traded firms. In addition, inventory investment is volatile and procyclical, and inventory-to-sales is … persistent and countercyclical. We embed an inventory holding motive into the investment-based asset pricing framework by …

Persistent link: https://www.econbiz.de/10009697751

Growth theory under heterogeneous heuristic behavior

Gomes, Orlando - In: Journal of evolutionary economics 31 (2021) 2, pp. 533-571

Persistent link: https://www.econbiz.de/10012584744

Can the Representativeness Heuristic Explain the Asset Growth Anomaly?

He, Miao; Kapadia, Nishad; Tice, Sheri - 2021

We find that the low average returns to firms with high asset growth are consistent with two key implications of models of diagnostic investor expectations (e.g., Bordalo, Gennaioli, La Porta, and Shleifer, 2019) that formalize the representativeness heuristic of Kahneman and Tversky (1972)....

Persistent link: https://www.econbiz.de/10013249516

Vad driver den ekonomiska tillväxten?

Stockhammar, Pär; Öller, Lars-Erik - In: Ekonomiska Samfundets tidskrift 64 (2011) 2, pp. 109-115

Persistent link: https://www.econbiz.de/10009506770

Dynamics of real per capita GDP

Neuhoff, Daniel - 2015 - This Version: August 7, 2015

This study investigates the dynamics of quarterly real GDP per capita growth rates across four countries, the US, UK, Canada and France. I obtain estimates for ARIMA(p,q) processes for first differences of log quarterly real GDP per capita using Reversible Jump Markov Chain Monte Carlo, allowing...

Persistent link: https://www.econbiz.de/10011309627