haku: @author Wachtel, P. / yhteensä: 7
viite: 2 / 7
| Tekijä: | Rousseau, P. Wachtel, P. |
| Otsikko: | Equity markets and growth: cross-country evidence on timing and outcomes, 1980-1995 |
| Lehti: | Journal of Banking and Finance
2000 : DEC, VOL. 24:12, p. 1933-1958 |
| Asiasana: | STOCK MARKETS FINANCIAL INTERMEDIARIES ECONOMIC GROWTH |
| Kieli: | eng |
| Tiivistelmä: | The rapid expansion of organized equity exchanges in both emerging and developed markets has prompted policymakers to raise important questions about their macroeconomic impact, yet the need to focus on recent data poses implementation difficulties for econometric studies of dynamic interactions between stock markets and economic performance in individual countries. This paper overcomes some of these difficulties by applying recent developments in the analysis of panels with a small time dimension to estimate vector autoregressions for a set of 47 countries with annual data for 1980-1995. |
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