Loading...
Please wait, while we are loading the content...
Similar Documents
Do Stock Markets Have Any Impact on Real Economic Activity ?
| Content Provider | Semantic Scholar |
|---|---|
| Author | Krchnivá, Kateřina |
| Copyright Year | 2016 |
| Abstract | KRCHNIVÁ KATEŘINA. 2016. Do Stock Markets Have Any Impact on Real Economic Activity? Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, 64(1): 283–290. There is no doubt about the existence of connection between the stock markets and the real economic activity. Many researchers indicated that the stock markets causally aff ect the economic activity with the lag of three months. Contrary, the other group of researchers suggested, that these relationships are reversal, moreover some of them concluded that these relationships are reciprocal. The paper analyses the relationship between the stock markets and the economic activity in seven countries with the research objective to identify these relationships in relation of cause and eff ect. As the proxy of the stock markets are stock indices considered, while the economic activity is expressed by the Gross Domestic Product at constant prices. The correlation analysis and the Granger causality test applied on suggested vector autoregressive models are employed for the research in the paper. The paper concludes that stock markets may be considered as the signifi cant predictor of the real economic activity with the lag of one quarter, however, there is no reciprocal links between them. |
| File Format | PDF HTM / HTML |
| Alternate Webpage(s) | https://acta.mendelu.cz/media/pdf/actaun_2016064010283.pdf |
| Language | English |
| Access Restriction | Open |
| Subject Keyword | Autoregressive model Causality Ectomesenchymal Chondromyxoid Tumor Kerrison Predictor Link building Macrococcus brunensis STMN1 gene |
| Content Type | Text |
| Resource Type | Article |
