The relation between the economic growth and stock market performance–Empirical evidence from Romania
The relation between the economic growth and stock market performance–Empirical evidence from Romania
Author(s): Mariana DucuSubject(s): Economy, National Economy, Business Economy / Management, Financial Markets
Published by: EDITURA ASE
Keywords: economic growth; stock market; Romania; causality; regression;
Summary/Abstract: This research paper aims to investigate the relationship between the Romanian economic growth and stock market returns for companies listed on Bucharest Stock Exchange and included in the Bucharest Exchange Trading index during the period 2000-2017. The economic growth of Romania will be measured using the Gross Domestic Product (GDP) on an annual basis and as proxy for the stock market development the Bucharest Exchange Trading index (BET) will be used. The GDP will be considered at market prices in order to reflect more accurately the effect of the stock market on its value. The statistical methods employed to analyze this relationship will be the Least Squares Regression Model using the logarithmic values of the variables and Johansen Cointegration test.
Journal: Colecția de working papers "ABC-ul Lumii Financiare"
- Issue Year: 2019
- Issue No: 8
- Page Range: 325-331
- Page Count: 7
- Language: Romanian