A note on relationship between economic activity and stock market development: A case of euro area countries

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62156489%3A43110%2F17%3A43912679" target="_blank" >RIV/62156489:43110/17:43912679 - isvavai.cz</a>
Result on the web
<a href="https://doi.org/10.11118/actaun201765061953" target="_blank" >https://doi.org/10.11118/actaun201765061953</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.11118/actaun201765061953" target="_blank" >10.11118/actaun201765061953</a>

Result language
angličtina
Original language name
A note on relationship between economic activity and stock market development: A case of euro area countries
Original language description
The aim of the paper is to empirically examine if the causal relationship between economic activity and stock market development exists in the selected 11 EA countries. The existence of relationship is investigated with the use of cointegration, vector error correction model and Granger causality during three sub-periods between January 1993 and January 2017. The results show that the general conclusion on the relation between activity and stock market development cannot be stated and that country-specific development should be taken into account when making decisions either from the investors' or policy makers' perspective. It also seems that the level of integration plays important role when studying the nature of relationship between variables during different time periods.
Czech name
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Czech description
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Type
J<sub>SC</sub> - Article in a specialist periodical, which is included in the SCOPUS database
CEP classification
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OECD FORD branch
50202 - Applied Economics, Econometrics

Project
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Continuities
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Publication year
2017
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Name of the periodical
Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis
ISSN
1211-8516
e-ISSN
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Volume of the periodical
65
Issue of the periodical within the volume
6
Country of publishing house
CZ - CZECH REPUBLIC
Number of pages
13
Pages from-to
1953-1965
UT code for WoS article
—
EID of the result in the Scopus database
2-s2.0-85038808154

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