The impact of stock market on real economic activity: Evidence from Turkey
Küçük Resim Yok
Tarih
2008
Yazarlar
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
Asian Network for Scientific Information
Erişim Hakkı
info:eu-repo/semantics/openAccess
Özet
This study has focused on the relationship between stock market performance and real economic activity. Recently, it was argued that the traditional links between stock market and real activity broke down since the early 1980s implying that movements of stock prices are independent from subsequent changes in real activity. This study contributes to the literature on the relationship between stock market and real economic activity using quarterly data from an emerging stock market of Turkey. In contrast to the studies carried out for developed countries, the results of this study indicate that there is a close connection between stock market prices and real economic activity and the stock market causes real economic activity. © 2008 Asian Network for Scientific Information.
Açıklama
Anahtar Kelimeler
Cointegration, Granger-causality, Impulse response, Real activity, Stock market
Kaynak
Journal of Applied Sciences
WoS Q Değeri
Scopus Q Değeri
N/A
Cilt
8
Sayı
2
