Production-Based Asset Pricing and the Link Between Stock Returns and Economic Fluctuations.

Research
Written By John Cochrane

Journal of Finance 46 (1) (March 1991) 209-237. The q theory works pretty well if you difference it – investment growth is nicely correlated with stock returns, and the I/K ratio forecasts future stock returns. JSTOR

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John Cochrane
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The Sensitivity of Tests of the Intertemporal Allocation of Consumption to Near-Rational Alternatives