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

Kód výsledku v 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>

Výsledek na webu

<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>

Jazyk výsledku

angličtina

Název v původním jazyce

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

Popis výsledku v původním jazyce

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&apos; or policy makers&apos; perspective. It also seems that the level of integration plays important role when studying the nature of relationship between variables during different time periods.

Název v anglickém jazyce

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

Popis výsledku anglicky

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&apos; or policy makers&apos; perspective. It also seems that the level of integration plays important role when studying the nature of relationship between variables during different time periods.

Druh

J_SC - Článek v periodiku v databázi SCOPUS

CEP obor

—

OECD FORD obor

50202 - Applied Economics, Econometrics

Projekt

—

Návaznosti

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Rok uplatnění

2017

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název periodika

Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis

ISSN

1211-8516

e-ISSN

—

Svazek periodika

65

Číslo periodika v rámci svazku

6

Stát vydavatele periodika

CZ - Česká republika

Počet stran výsledku

13

Strana od-do

1953-1965

Kód UT WoS článku

—

EID výsledku v databázi Scopus

2-s2.0-85038808154