Productivity Growth and Stock Returns: Firm- and Aggregate-Level Analyses
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Technological innovation is not a blessing for all firms, or for investors holding the market. In the late 20th century US, individual firms' stock returns correlate positively with their own productivity growth, yet the market return correlates negatively with aggregate productivity growth, yet.
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美国国家经济研究局创建时间：
2013-09-01
