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This paper examines the relationship between stock market development and economic growth in case of Argentina's economy. Apply Granger causality and exogeneity tests based on VEC (vector error correction) models with monthly data covering the period 1993:1-2010:8. The results show that the...
Persistent link: https://www.econbiz.de/10010325080
Este trabajo examina la relación entre el desarrollo del mercado accionario y el crecimiento, en el caso de la economía Argentina. Se emplean tests de causalidad de Granger y de exogeneidad basados en modelos de VEC, con datos mensuales, que cubren el período 1993:1-2010:8. Los resultados...
Persistent link: https://www.econbiz.de/10009368511
This paper examines the relationship between stock market development and economic growth in case of Argentina's economy. Apply Granger causality and exogeneity tests based on VEC (vector error correction) models with monthly data covering the period 1993:1-2010:8. The results show that the...
Persistent link: https://www.econbiz.de/10009743823
volatility, since this is precisely the variable that is negotiated. We present then a statistical methodology for the estimation … of the volatility parameter for an asset using methods of the Bayesian approach to statistics. As prior distributions for … volatility parameter, models of the Gamma family and the Standard Levy are assumed. The results obtained using the proposed …
Persistent link: https://www.econbiz.de/10014494469
volatility, since this is precisely the variable that is negotiated. We present then a statistical methodology for the estimation … of the volatility parameter for an asset using methods of the Bayesian approach to statistics. As prior distributions for … volatility parameter, models of the Gamma family and the Standard Levy are assumed. The results obtained using the proposed …
Persistent link: https://www.econbiz.de/10013486201
This article exposes key aspects for the theoretical analysis of the political reality in Colombia in moments of severe derived social uncertainty of the conflict and the fork of serious dilemmas on the institutional order that comes from political campaigns influenced decisively by the...
Persistent link: https://www.econbiz.de/10015220099
The credit channel mechanism of monetary policy describes how a central bank’s policy changes affect the credit strategies of private banks. This has a direct effect on the amount of credit that banks issue to firms and consumers, which in turn affects the aggregated demand, employment and...
Persistent link: https://www.econbiz.de/10015270541
This article exposes key aspects for the theoretical analysis of the political reality in Colombia in moments of severe derived social uncertainty of the conflict and the fork of serious dilemmas on the institutional order that comes from political campaigns influenced decisively by the...
Persistent link: https://www.econbiz.de/10015238810
The municipality is the government level closest to its population which directly perceives their needs and requirements. The municipalities´ responsibilities are to provide public services and guarantee basic public infrastructure. Thus, it is essential that municipalities have sufficient...
Persistent link: https://www.econbiz.de/10015252076
The document presents an analysis, developed under the framework of conflict theory, which models the choice of ownership structure as the result of a power struggle between the owner of a firm and potential shareholders. The theoretical model suggests that, when the system that protects...
Persistent link: https://www.econbiz.de/10005434687