Voth, Hans-Joachim (contributor) - 2000
) argue that, if dividends
and stock prices fail to co-integrate, there is evidence of a bubble; a unit root in
the price …, academic debate has failed to agree on the existence or otherwise of a bub-
ble. Irving Fisher’s famous remark in 1929 that … been overvalued (Fisher
1930). In the case of Japanese stock market in 1989, it was apparently also not
clear to …