Finance and Economics Discussion Series: What's Good for GM, Using Auto Industry Stock Returns to Forecast Business Cycles and Test the Q-Theory of In by Gregory R. Duffee, Stephen D. Prowse

Finance and Economics Discussion Series: What's Good for GM, Using Auto Industry Stock Returns to Forecast Business Cycles and Test the Q-Theory of In

Gregory R. Duffee, Stephen D. Prowse

36 pages • missing pub info (editions)

nonfiction politics
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We examine the ability of auto industry stock returns to forecast quarterly changes in the growth rates of real GDP, consumption, and investment. We find that auto stock returns are superior to aggregate stock market returns in predicting growth r...

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