Some Features of Theoretical Knowledge Transfer into the Real Economy. Capital Market Example
Abstract
This paper is dedicated to the problem of theoretical knowledge transfer into the real economy. On the basis of analysis of capital market models assumptions and experimental testing of the results, we show the absence of univocal correspondence between the models premises and the real practice in some basic types of models. Also, we note frequent application of model conclusions in practice at financial markets. We find that the possibilities of economic knowledge transfer into the real economy are connected to a greater extent with information sources simplicity and accessibility and frequent using of recommendations and models conclusions and to a less extent with the correspondence between theoretical model assumptions and real practice.
Keywords:
theoretical knowledge, capital market, real practice, financial market
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Articles of the St Petersburg University Journal of Economic Studies are open access distributed under the terms of the License Agreement with Saint Petersburg State University, which permits to the authors unrestricted distribution and self-archiving free of charge.