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The Long Memory of Equity Volatility and the Macroeconomy : International Evidence
Dräger, Lena - 2020
This paper examines long memory volatility in international stock markets. We show that long memory volatility is … memory in volatility than emerging and frontier countries and that stock market jumps are negatively correlated with long … memory of volatility. Overall, our results provide some evidence of a link between stock market uncertainty and macroeconomic …
Persistent link: https://www.econbiz.de/10012853413
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Stock Market Response to Economic Growth and Interest Rate Volatility : Evidence from Nigeria
Babajide, Abiola - 2016
This study examined the relationship between macroeconomic variable volatility and stock market return within the … domestic product (RGDP), we therefore recommends that policy makers on the one hand should consider volatility in both the … practitioners are expected to make provisions for volatility in interest rate and the RGDP when making portfolio decisions …
Persistent link: https://www.econbiz.de/10012997048
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Benefits of Global and Regional Financial Integration in Latin America
Eyraud, Luc - 2017
The timing is ripe to pursue greater regional financial integration in Latin America given the withdrawal of some global banks from the region and the weakening of growth prospects. Important initiatives are ongoing to foster financial integration. Failure to capitalize on this would represent a...
Persistent link: https://www.econbiz.de/10012962157
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On the Growth Effect of Stock Market Liberalizations
Gupta, Nandini - 2018
We investigate the effect of a stock market liberalization on industry growth in emerging markets. Consistent with the view that liberalization reduces financing constraints, we find that industries that are more externally dependent and face better growth opportunities grew faster following...
Persistent link: https://www.econbiz.de/10012940688
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Stock Markets, Banks and Economic Growth : Some Evidence on the Role of Stock Price Informativeness
Cheng, Fang Chin - 2011
This paper extends the economic growth model tested by Levine and Zervos (1998) by including a measure for capital allocation efficiency proxied by stock price informativeness. Using a sample of 59 countries, this study finds that stock price informativeness as measured by firm-specific return...
Persistent link: https://www.econbiz.de/10013121128
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Stock Price Informativeness, Analyst Coverage and Economic Growth : Evidence from Emerging Markets
Cheng, Fang Chin - 2013
This paper extends the output growth model tested by Levine and Zervos (1998) by including a channel for capital allocation efficiency proxied by stock price informativeness. Using a sample of 59 countries, this study finds that stock price informativeness as measured by firm-specific return...
Persistent link: https://www.econbiz.de/10013088911
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Stock Price Informativeness, Analyst Coverage and Economic Growth : Evidence from Emerging Markets
Cheng, Fang Chin - 2013
This paper extends the output growth model tested by Levine and Zervos (1998) by including a channel for capital allocation efficiency proxied by stock price informativeness. Using a sample of 59 countries, this study finds that stock price informativeness as measured by firm-specific return...
Persistent link: https://www.econbiz.de/10013090426
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Does stock market capitalization cause GDP? : a causality study for Central and Eastern European countries?
Prats Albentosa, María Asuncíon; Sandoval, Beatriz - 2020
This paper analyzes the relationship between stock market capitalization to GDP and real GDP in 10 Central and Eastern European countries (CEECs) that joined the European Union in 2004 and 2007, with the objective of determining whether the financial markets played a role as drivers of economic...
Persistent link: https://www.econbiz.de/10012231510
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Stock market and sustainable economic growth in Nigeria
Owusu, Erasmus L. - In: Economies : open access journal 4 (2016) 4, pp. 1-13
This paper examines the relationship between stock market evolution and sustainable economic growth in Nigeria. The study employs Auto-Regressive Distributed Lag (ARDL)-bounds testing approach and a combined stock market indicators index to examine the relationship. The paper finds that, in the...
Persistent link: https://www.econbiz.de/10011610205
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Does stock market capitalization cause GDP? : a causality study for Central and Eastern European countries
Prats Albentosa, María Asuncíon; Sandoval, Beatriz - 2019
This paper analyses the relationship between stock market capitalization and real GDP in ten Central and Eastern European countries (CEECs) that joined the European Union in 2004 and 2007, with the objective of determining if the financial markets have played a role as a driver of the economic...
Persistent link: https://www.econbiz.de/10012132389