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Predictive ability of financial variables in changing economic circumstances
We analyze three key financial variables, the term spread, real stock returns and the real short-term interest rate, and study which economic factors underlie changes in their predictive power for GDP growth in a large set ...
Innovative growth : the role of market power and negative selection
(Taylor & Francis, 2019-09-08)
This paper relies on register-based statistical data from Finland to measure broad research and development (R&D), organizational capital (OC) and information and communication technology (ICT) investments as innovation ...