Technological Diffusion and Asset Prices

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.

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Authors:	Ghossoub, Edgar
Institutions:	College of Business, University of Texas-San Antonio
Subject:	Stock Market \| Asset Prices \| Technological Diffusion

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Extent:	application/pdf
Series:	Working Papers.
Type of publication:	Book / Working Paper
Notes:	The price is Free Number 0002 12 pages
Classification:	O30 - Technological Change; Research and Development. General ; O33 - Technological Change: Choices and Consequences; Diffusion Processes ; G12 - Asset Pricing
Source:	RePEc - Research Papers in Economics

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