Real Asset Returns and Demographic Effects

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This book examines the relation between demographic factors and real asset returns, which has received little attention. We begin by discussing the implications of major growth models for this relationship. Then we propose a model to derive the testable equations which show us the explicit relation. Our results show that real asset returns are fairly significantly and positively affected by population growth, especially when the sample period is extended and long horizon span methods are used, although the size and power of ...

Real Asset Returns and Demographic Effects 2009, VDM Verlag, Saarbrucken

ISBN-13: 9783639170825

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