The casualty between stock market development and economic growth: evidence from the United States
Article Abstract:
The direction of causality between stock market development and economic growth in the case of the United States is investigated. The results indicated that there were stable long-run equilibrium relationships among the variables and that the stock market contains information about future changes in real income.
Publication Name: Studies in Economics and Finance
Subject: Economics
ISSN: 1086-7376
Year: 2003
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The evolution of human life expectancy and intelligence in Hunter-Gatherer economies
Article Abstract:
An analogy is drawn between the biological evolution of human characteristics from hunter-gatherer society to more sophisticated society and the evolution in an economy. Learning-by-doing is equated to indirect means of investment in the business.
Publication Name: American Economic Review
Subject: Economics
ISSN: 0002-8282
Year: 2003
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