Asset pricing factors and future economic growth

Vaibhav Lalwani and Madhumita Chakraborty

Economics Letters, 2018, vol. 168, issue C, 151-154

Abstract: We test if seven commonly used asset-pricing factors predict future growth in GDP and industrial production. There is minimal evidence that asset-pricing factors other than the market factor predict future economic growth. Predictive power of these factors reported in earlier literature seems to have attenuated.

Keywords: Asset pricing; Risk factors; Economic growth (search for similar items in EconPapers)
JEL-codes: G12 G15 (search for similar items in EconPapers)
Date: 2018
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:168:y:2018:i:c:p:151-154

DOI: 10.1016/j.econlet.2018.04.031

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