stock market development and long run growth
Author | : Ross Levine |
Publisher | : World Bank Publications |
Total Pages | : 32 |
Release | : 1996 |
Genre | : Aumentoa de la produccion |
ISBN | : 6101919153 |
Download Stock Markets And Economic Growth full books in PDF, epub, and Kindle. Read online free Stock Markets And Economic Growth ebook anywhere anytime directly on your device. Fast Download speed and no annoying ads. We cannot guarantee that every ebooks is available!
Author | : Ross Levine |
Publisher | : World Bank Publications |
Total Pages | : 32 |
Release | : 1996 |
Genre | : Aumentoa de la produccion |
ISBN | : 6101919153 |
Author | : Hafiz A. Akhand |
Publisher | : World Bank Publications |
Total Pages | : 52 |
Release | : 1999 |
Genre | : Banks and banking |
ISBN | : |
Stock markets, banks and economic growth: a reasonable extreme bounds analysis (Discussion paper, 99/4)
Author | : Ross Levine |
Publisher | : World Bank Publications |
Total Pages | : 38 |
Release | : 1990 |
Genre | : Capital investments |
ISBN | : |
Author | : Aslı Demirgüç-Kunt |
Publisher | : MIT Press |
Total Pages | : 452 |
Release | : 2001 |
Genre | : Business & Economics |
ISBN | : 9780262541794 |
CD-ROM contains: World Bank data.
Author | : Sara Zervos |
Publisher | : |
Total Pages | : 32 |
Release | : 2016 |
Genre | : |
ISBN | : |
Is there a strong empirical association between stock market development and long-term economic growth? Cross-country regressions suggest that there is a positive and robust association.Levine and Zervos empirically evaluate the relationship between stock market development and long-term growth. The data suggest that stock market development is positively associated with economic growth. Moreover, instrumental variables procedures indicate a strong connection between the predetermined component of stock market development and economic growth in the long run.While cross-country regressions imply a strong link between stock market development and economic growth, the results should be viewed as suggestive partial correlations that stimulate additional research rather than as conclusive findings. Much work remains to be done to shed light on the relationship between stock market development and economic growth. Careful case studies might help identify causal relationships and further research could be done on the time-series property of such relationships.Research should also be done to identify policies that facilitate the development of sound securities markets.This paper - a product of the Finance and Private Sector Development Division, Policy Research Department - is part of a larger effort in the department to study the relationship between financial systems and economic growth. The study was funded by the Bank's Research Support Budget under the research project Stock Market Development and Financial Intermediary Growth (RPO 679-53).
Author | : Mathias Binswanger |
Publisher | : Edward Elgar Publishing |
Total Pages | : 392 |
Release | : 1999 |
Genre | : Business & Economics |
ISBN | : |
Examining the role of speculative bubbles in the stock market, this text argues that, provided they are sustainable, bubbles may have a positive effect on the market. They may provide additional investment opportunities with the potential to increase aggregate profits and improve economic welfare.
Author | : Ross Levine |
Publisher | : |
Total Pages | : |
Release | : 1999 |
Genre | : Electronic books |
ISBN | : |
March 1996 Is there a strong empirical association between stock market development and long-term economic growth? Cross-country regressions suggest that there is a positive and robust association. Levine and Zervos empirically evaluate the relationship between stock market development and long-term growth. The data suggest that stock market development is positively associated with economic growth. Moreover, instrumental variables procedures indicate a strong connection between the predetermined component of stock market development and economic growth in the long run. While cross-country regressions imply a strong link between stock market development and economic growth, the results should be viewed as suggestive partial correlations that stimulate additional research rather than as conclusive findings. Much work remains to be done to shed light on the relationship between stock market development and economic growth. Careful case studies might help identify causal relationships and further research could be done on the time-series property of such relationships. Research should also be done to identify policies that facilitate the development of sound securities markets. This paper -- a product of the Finance and Private Sector Development Division, Policy Research Department -- is part of a larger effort in the department to study the relationship between financial systems and economic growth. The study was funded by the Bank's Research Support Budget under the research project Stock Market Development and Financial Intermediary Growth2 (RPO 679-53).
Author | : Ortrun Anne Gronski |
Publisher | : Peter Lang Pub Incorporated |
Total Pages | : 195 |
Release | : 2001 |
Genre | : Business & Economics |
ISBN | : 9783631380642 |
Stock markets have grown rapidly in many developing countries during the past ten years. Nevertheless there is little evidence as to whether a stock market is crucial for economic development. This study aims at filling this gap. Based on data from the Republic of South Africa, Anne Gronski investigates the impact of the stock market development on investment, savings and economic growth. The author first elaborates the potential effects of stock market development, then provides an overview over the political and economic developments in South Africa during the observation period and finally applies different econometric techniques to analyse the issue empirically. At first sight, the stock market development seems to have had a negative impact on South Africa's development; while savings, investment and growth deteriorated, the stock market grew. However, the more detailed analyses show that inflation and political instability were the major culprits for the down-turn. The stock market prevented further decline in savings by providing inflation-adjusted returns. With regard to investment, the analyses show that as opposed to public investments, private investments were less affected by the unstable climate. Moreover, the analyses show that external equity finance gained importance during the considered period and that private investments reacted positively to the stock market development. The causality tests also confirm the positive effects of stock market development on economic growth.
Author | : Mansoor Dailami |
Publisher | : World Bank Publications |
Total Pages | : 54 |
Release | : 1990 |
Genre | : Capital market |
ISBN | : |
With foreign capital funds dwindling, governments in many developing countries-- with increased Bank support-- are looking to develop capital markets to provide risk capital for the corporate sector. But first, some basic issues must be empirically explored.
Author | : Jesper Rangvid |
Publisher | : Oxford University Press |
Total Pages | : 369 |
Release | : 2021-01-21 |
Genre | : Business & Economics |
ISBN | : 0192636286 |
In the long run, economies grow. Over the shorter-term business cycle, economic activity contracts and expands. From Main Street to Wall Street examines both the long-run relation between economic growth and stock returns and the shorter-term business-cycle relation. It examines the complex relationship between the economy and the stock market, and guides readers through the fascinating interaction between economic activity and financial markets. From Main Street to Wall Street draws heavily on data, supporting academic theories with empirical facts, and backing up arguments in intuitive ways. It discusses how investors can use knowledge of economic activity and financial markets to formulate expectations to future stock returns, and helps scholars and practitioners navigate financial markets by understanding the economy.