Stock market development and economic growth: Evidence from the European union
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62156489%3A43110%2F16%3A43910260" target="_blank" >RIV/62156489:43110/16:43910260 - isvavai.cz</a>
Result on the web
<a href="https://acta.mendelu.cz/64/6/1927/" target="_blank" >https://acta.mendelu.cz/64/6/1927/</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.11118/actaun201664061927" target="_blank" >10.11118/actaun201664061927</a>
Alternative languages
Result language
angličtina
Original language name
Stock market development and economic growth: Evidence from the European union
Original language description
The paper examines the causal relation between the stock markets development and economic growth in the EU countries. In particular, the nature and causality direction is investigated. Panel data techniques including cointegration tests, vector error correction models and Granger causality tests were applied to indicate the nature and direction of causality. Long-run effects of the economic growth upon stock market development was detected in the sample of the Euro area member countries. In addition, the short-run mutual relations between growth and stock markets were indicated in that country-sample. In the non-Euro area countries, only short-run impact of the stock market development upon economic growth was found. The empirical findings bring up implications for macroeconomic stabilization and development policies. The indicated relations also play a role in predicting economic growth and stock markets' development.
Czech name
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Czech description
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Classification
Type
J<sub>x</sub> - Unclassified - Peer-reviewed scientific article (Jimp, Jsc and Jost)
CEP classification
AH - Economics
OECD FORD branch
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Result continuities
Project
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Continuities
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace
Others
Publication year
2016
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis
ISSN
1211-8516
e-ISSN
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Volume of the periodical
64
Issue of the periodical within the volume
6
Country of publishing house
CZ - CZECH REPUBLIC
Number of pages
10
Pages from-to
1927-1936
UT code for WoS article
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EID of the result in the Scopus database
2-s2.0-85008599117