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Vol. 32 >

The Reconsideration of "Valuation Ratio" from the Contemporary Perspective

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タイトル: The Reconsideration of "Valuation Ratio" from the Contemporary Perspective
著者: Kurose, Kazuhiro 著作を一覧する
キーワード: Valuation Ratio, Capital Gain, Income Distribution
発行日: 2003年 7月
出版者: Faculty of Economics, Hokkaido University
誌名: Economic journal of Hokkaido University
巻: 32
開始ページ: 123
終了ページ: 139
抄録: The purpose of this paper is to reconsider the "valuation ratio," a close notion to the so-called "Q-ratio." It is always assumed to be a constant, even though it is not equal to unity. However, the assumption is inappropriate from the contemporary perspective. In fact, it has obscured the weakness of the post-Keynesian theory. Therefore, the assumption should be removed. We examine the result when its ratio is regarded as a variable. Finally, we conclude the need for the introduction of new parameter to denote a proportion of newly issued securities to the total purchased. (JEL E12, E44, F34, G1)
資料タイプ: bulletin
出現コレクション:Vol. 32


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