Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/280626 
Title: 
Year of Publication: 
2020
Series/Report no.: 
AEI Economics Working Paper No. 2020-13
Publisher: 
American Enterprise Institute (AEI), Washington, DC
Abstract: 
Long-term data show that the dynamic efficiency condition r>g holds when g is represented by the average growth rate of real GDP if r is the average real rate of return on equity, E(re ), but not if r is the risk-free rate, rf .
Subjects: 
Economic Growth
Economic Risk
Economics
Gross Domestic Product (GDP)
JEL: 
A
Document Type: 
Working Paper

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