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Investment and share prices: fundamental versus speculative components

  • Branston, Christopher B.
  • Groenewold, Nicolaas
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    File URL: http://www.sciencedirect.com/science/article/B6W5T-4BNB9X2-1/2/8ba520b6a32c1beec473b1ba046645c8
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    Article provided by Elsevier in its journal The North American Journal of Economics and Finance.

    Volume (Year): 15 (2004)
    Issue (Month): 2 (August)
    Pages: 199-226

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    Handle: RePEc:eee:ecofin:v:15:y:2004:i:2:p:199-226
    Contact details of provider: Web page: http://www.elsevier.com/locate/inca/620163

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    23. John Y. Campbell & Robert J. Shiller, 2001. "Valuation Ratios and the Long-run Stock Market Outlook: An Update," Cowles Foundation Discussion Papers 1295, Cowles Foundation for Research in Economics, Yale University.
    24. Koop, Gary & Pesaran, M. Hashem & Potter, Simon M., 1996. "Impulse response analysis in nonlinear multivariate models," Journal of Econometrics, Elsevier, vol. 74(1), pages 119-147, September.
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    26. Mullins, M. & Wadhwani, S., 1988. "The Effect Of The Stock Market On Investment: A Comparative Study," Papers 329, London School of Economics - Centre for Labour Economics.
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    28. Eugene F Fama, . "Market Efficiency, Long-Term Returns, and Behavioral Finance," CRSP working papers 448, Center for Research in Security Prices, Graduate School of Business, University of Chicago.
    29. Robert S. Chirinko & Huntley Schaller, 1993. "Bubbles, fundamentals, and investment: a multiple equation testing strategy," Research Working Paper 93-03, Federal Reserve Bank of Kansas City.
    30. Sanford J. Grossman & Robert J. Shiller, 1980. "The Determinants of the Variability of Stock Market Prices," NBER Working Papers 0564, National Bureau of Economic Research, Inc.
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    34. Robert J. Shiller, 1980. "Do Stock Prices Move Too Much to be Justified by Subsequent Changes in Dividends?," NBER Working Papers 0456, National Bureau of Economic Research, Inc.
    35. Black, Angela & Fraser, Patricia & Groenewold, Nicolaas, 2003. "U.S. stock prices and macroeconomic fundamentals," International Review of Economics & Finance, Elsevier, vol. 12(3), pages 345-367.
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