Aggregate earnings and gross domestic product: International evidence
Abstract
Recent studies in macro accounting suggest that changes in aggregate accounting earnings can predict quarterly GDP growth in the USA. Our objective in this study is to test the robustness of the association between aggregate earnings and real GDP growth across multiple countries and for different definitions of aggregate earnings. We test whether aggregate earnings changes predict future economic growth in eight countries – Australia, Canada,...
Paper Details
Title
Aggregate earnings and gross domestic product: International evidence
Published Date
Jul 10, 2019
Journal
Volume
52
Issue
1
Pages
68 - 84
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