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Stock markets, banks and long run economics growth : a panel cointegration-based analysis

Cavenaile, Laurent; Gengenbach, Christian; Palm, Franz C. - 2013

The aim of this paper is to investigate the long run relationship between the development of banks and stock markets and economic growth. We make use of a Johansen-based panel cointegration methodology allowing for cross-country dependence to test the number of cointegrating vectors among these...

Persistent link: https://www.econbiz.de/10010223077

ICT adoption and stock market development in Africa : an application of the panel ARDL bounds testing procedure

Igwilo, Jerry Ikechukwu; Sibindi, Athenia Bongani - In: Journal of risk and financial management : JRFM 14 (2021) 12, pp. 1-15

The nexus between Information Communication Technology (ICT) and stock market development has been predominantly based on studies of the developed markets and high-income economies of the world. The objective of this study was to examine the causal relationship between ICT adoption and stock...

Persistent link: https://www.econbiz.de/10012799415

Stock markets and growth : a re-evaluation

DeHan, Chase Parker - 2012

There is a large body of literature stressing the importance of developing financial markets, including stock markets, to enhance countries' growth. I argue that the relationship between stock markets and growth is exaggerated and that the simple act of opening a formal stock market is not a...

Persistent link: https://www.econbiz.de/10009673028

The Impact of Shadow Economy On the Stock Market Volatility. A Worldwide Panel Data Analysis

Georgiou, Miltiades N. - 2013

In the present paper an empirical analysis will point out that shadow economy can affect stock prices. The sample covers most industrialized world. Data are taken from Eurostat and (Schneider et al., 2010); (Schneider, 2013). The elaboration of these panel data is made feasible by means of the...

Persistent link: https://www.econbiz.de/10014151758

The dynamic analysis and prediction of stock markets through the latent Markov model

De Angelis, Luca; Paas, Leonard J. - 2010

Persistent link: https://www.econbiz.de/10003984927

Dependencies between European stock markets when price changes are unusually large

Schich, Sebastian T. - 2002

data on stock market indices for Germany, the United Kingdom, France, the Netherlands and Italy from 1973 to 2001 … and Italy less closely linked to the German market. Fourth, overall dependencies are quite symmetric, in the sense that … Niederlande und Italien von 1973 bis 2001. Abhängigkeit wird dabei gemessen anhand der bedingten Wahrscheinlichkeit einer …