The Information Technology Revolution and the Stock Market: Evidence
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Since 1968, the ratio of stock market capitalization to GDP has varied by a factor of 5. In 1972, the ratio stood at above unity, but by 1974, it had fallen to 0.45 where it stayed for the next decade. It then began a steady climb, and today it stands above 2. We argue that the IT revolution was
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美国国家经济研究局创建时间：
2000-05-01
