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Asset pricing factors and future economic growth

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  • Lalwani, Vaibhav
  • Chakraborty, Madhumita

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.

Suggested Citation

  • Lalwani, Vaibhav & Chakraborty, Madhumita, 2018. "Asset pricing factors and future economic growth," Economics Letters, Elsevier, vol. 168(C), pages 151-154.
    • Handle: RePEc:eee:ecolet:v:168:y:2018:i:c:p:151-154
    DOI: 10.1016/j.econlet.2018.04.031
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    References listed on IDEAS

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    Cited by:

    1. José Clemente Jacinto Ferreira & Ana Paula Matias Gama & Luiz Paulo Fávero & Ricardo Goulart Serra & Patrícia Belfiore & Igor Pinheiro de Araújo Costa & Marcos dos Santos, 2022. "Economic Performance and Stock Market Integration in BRICS and G7 Countries: An Application with Quantile Panel Data and Random Coefficients Modeling," Mathematics, MDPI, vol. 10(21), pages 1-35, October.

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    More about this item

    Keywords

    Asset pricing; Risk factors; Economic growth;
    All these keywords.

    JEL classification:

    • G12 - Financial Economics - - General Financial Markets - - - Asset Pricing; Trading Volume; Bond Interest Rates
    • G15 - Financial Economics - - General Financial Markets - - - International Financial Markets

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