Technological Diffusion and Asset Prices

Edgar Ghossoub
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Edgar Ghossoub: The University of Texas at San Antonio

No 2, Working Papers from College of Business, University of Texas at San Antonio

Abstract: In this paper we demonstrate that the gradual diffusion of technology causes the stock market to exhibit a cyclical behavior. More importantly, we attribute sharp declines and increases in the stock market such as the ones that occurred in the early 1970s and mid 1990s in the United States to expected rapid technological diffusion.

Keywords: Stock Market; Asset Prices; Technological Diffusion (search for similar items in EconPapers)
JEL-codes: G12 O30 O33 (search for similar items in EconPapers)
Pages: 12 pages
Date: 2009-10-01
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