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The Impact of Stock Market Development on Inflation and Economic Growth of 16 Asian Countries: A Panel VAR Approach
16 references·9 citing·41 second hop
The Impact of Stock Market Development on Inflation and Economic Growth of 16 Asian Countries: A Panel VAR Approach (2013)The Impact of Stock Market Development on…PANEL COINTEGRATION: ASYMPTOTIC AND FINITE SAMPLE PROPERTIES OF POOLED TIME SERIES TESTS WITH AN APPLICATION TO THE PPP HYPOTHESIS (2004)PANEL COINTEGRATION: ASYMPTOT…Testing for unit roots in heterogeneous panels (2003)Testing for unit roots in het…Stock markets, banks, and growth: Panel evidence (2003)Stock markets, banks, and gro…Unit root tests in panel data: asymptotic and finite-sample properties (2002)Unit root tests in panel data…Stock Markets, Banks, and Economic Growth (1996)Stock Markets, Banks, and Eco…The Role of the State in Financial Markets (1993)The Role of the State in Fina…Stock Returns, Expected Returns, and Real Activity (1990)Stock Returns, Expected Retur…Statistical analysis of cointegration vectors (1988)Statistical analysis of coint…Some recent development in a concept of causality (1988)Some recent development in a …Estimating Vector Autoregressions with Panel Data (1988)Estimating Vector Autoregress…COINTEGRATION AND ERROR CORRECTION: REPRESENTATION (1987)COINTEGRATION AND ERROR CORRE…Large Shareholders and Corporate Control (1986)Large Shareholders and Corpor…Economic Forces and the Stock Market (1986)Economic Forces and the Stock…Stock Returns, Real Activity, Inflation, and Money (1981)Stock Returns, Real Activity,…An Empirical Investigation of the Arbitrage Pricing Theory (1980)An Empirical Investigation of…Asset returns and inflation (1977)Asset returns and inflationFinancial development and sustainable development: A review of literature (2024)Financial development and sus…Dynamic relation between macroeconomic variable, stock market returns and stock market development in Ghana (2020)Dynamic relation between macr…The dynamics of bond market development, stock market development and economic growth (2019)The dynamics of bond market d…Development of stock market and economic growth: the G-20 evidence (2018)Development of stock market a…THE NEXUS BETWEEN ECONOMIC GROWTH, STOCK MARKET DEPTH, TRADE OPENNESS, AND FOREIGN DIRECT INVESTMENT: THE CASE OF ASEAN COUNTRIES (2017)THE NEXUS BETWEEN ECONOMIC GR…Bond Market Development, Economic Growth and Other Macroeconomic Determinants: Panel VAR Evidence (2016)Bond Market Development, Econ…Insurance penetration and economic growth nexus: Cross-country evidence from ASEAN (2015)Insurance penetration and eco…A quantitative assessment of the trade openness – economic growth nexus in India (2015)A quantitative assessment of …The Macroeconomic Determinants of Stock Market Development in Selected European Countries: Dynamic Panel Data Analysis (2014)The Macroeconomic Determinant…Time Series Analysis: Forecasting and Control (1977)Distribution of the Estimators for Autoregressive Time Series with a Unit Root (1979)Testing for a Unit Root in Time Series Regression (1988)A simple panel unit root test in the presence of cross‐section dependence (2007)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)The Valuation of Risk Assets and the Selection of Risky Investments in Stock Portfolios and Capital Budgets (1965)THE VALUATION OF RISK ASSETS AND THE SELECTION OF RISKY INVESTMENTS IN STOCK PORTFOLIOS AND CAPITAL BUDGETS**This paper is another in a series of interrelated theoretical and statistical studies of corporate financial and investment policies being made under grants from the Rockefeller Foundation, and more recently the Ford Foundation, to the Harvard Business School. The generous support for this work is most gratefully acknowledged. The author is also much indebted to his colleagues Professors Bishop, Christenson, Kahr, Raiffa, and (especially) Schlaifer, for extensive discussion and commentary on an earlier draft of this paper; but responsibility for any errors or imperfections remains strictly his own.[Professor Sharpe's paper, “Capital Asset Prices: A Theory of Market Equilibrium Under Conditions of Risk” (Journal of Finance, September 1964) appeared after this paper was in final form and on its way to the printers. My first section, which parallels the first half of his paper (with corresponding conclusions), sets the algebraic framework for sections II, III and VI, (which have no counterpart in his paper) and for section IV on the equilibrium prices of risk assets, concerning which our results differ significantly for reasons which will be explored elsewhere. Sharpe does not take up the capital budgeting problem developed in section V below.] (1975)Expected stock returns and volatility (1987)Efficient Capital Markets: II (1991)On the Relation between the Expected Value and the Volatility of the Nominal Excess Return on Stocks (1993)An Intertemporal Capital Asset Pricing Model (1973)Risk, Return, and Equilibrium: Empirical Tests (1973)The arbitrage theory of capital asset pricing (1976)The Cross-Section of Expected Stock Returns (1992)Common risk factors in the returns on stocks and bonds (1993)Industry costs of equity (1997)Biases in Dynamic Models with Fixed Effects (1981)The analysis of household surveys (1997)Finance, inequality and the poor (2007)How to do Xtabond2: An Introduction to Difference and System GMM in Stata (2007)Distribution of the Estimators for Autoregressive Time Series With a Unit Root (1979)A Comparative Study of Unit Root Tests with Panel Data and a New Simple Test (1999)Mergers and the Market for Corporate Control (1965)Takeover Bids, The Free-Rider Problem, and the Theory of the Corporation (1980)A Survey of Corporate Governance (1997)Law and Finance (1998)Corporate Ownership Around the World (1999)Investigating Causal Relations by Econometric Models and Cross-spectral Methods (1969)Time Series Analysis Forecasting and Control. (1971)Does financial development cause economic growth? Time-series evidence from 16 countries (1996)The long-run and causal analysis of energy, growth, openness and financial development on carbon emissions in Turkey (2012)Determinants of CO2 emissions in the European Union: The role of renewable and non-renewable energy (2016)Co-Integration and Error Correction: Representation, Estimation, and Testing (1987)MAXIMUM LIKELIHOOD ESTIMATION AND INFERENCE ON COINTEGRATION — WITH APPLICATIONS TO THE DEMAND FOR MONEY (1990)Estimation and Hypothesis Testing of Cointegration Vectors in Gaussian Vector Autoregressive Models (1991)Spurious regression and residual-based tests for cointegration in panel data (1999)Testing for Error Correction in Panel Data* (2007)Introductory Econometrics for Finance (2008)Financial intermediation and growth: Causality and causes (2000)Finance and Growth: Theory and Evidence (2004)Law, finance, and economic growth in China (2005)
this work references cited by second hop

References

  • 1988Statistical analysis of cointegration vectors17,038 cited
  • 2003Testing for unit roots in heterogeneous panels15,333 cited
  • 2002Unit root tests in panel data: asymptotic and finite-sample properties12,832 cited
  • 1986Large Shareholders and Corporate Control8,403 cited
  • 2004PANEL COINTEGRATION: ASYMPTOTIC AND FINITE SAMPLE PROPERTIES OF POOLED TIME SERIES TESTS WITH AN APPLICATION TO THE PPP HYPOTHESIS6,696 cited
  • 1986Economic Forces and the Stock Market5,258 cited
  • 1988Estimating Vector Autoregressions with Panel Data4,242 cited
  • 1996Stock Markets, Banks, and Economic Growth3,889 cited
  • 1988Some recent development in a concept of causality2,982 cited
  • 1977Asset returns and inflation2,701 cited
  • 1981Stock Returns, Real Activity, Inflation, and Money2,632 cited
  • 2003Stock markets, banks, and growth: Panel evidence2,064 cited
  • 1990Stock Returns, Expected Returns, and Real Activity1,553 cited
  • 1993The Role of the State in Financial Markets1,276 cited
  • 1987COINTEGRATION AND ERROR CORRECTION: REPRESENTATION1,262 cited
  • 1980An Empirical Investigation of the Arbitrage Pricing Theory

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  • 2020Dynamic relation between macroeconomic variable, stock market returns and stock market development in Ghana40 cited
  • 2014The Macroeconomic Determinants of Stock Market Development in Selected European Countries: Dynamic Panel Data Analysis37 cited
  • 2018Development of stock market and economic growth: the G-20 evidence35 cited
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  • 2016Bond Market Development, Economic Growth and Other Macroeconomic Determinants: Panel VAR Evidence30 cited
  • 2024Financial development and sustainable development: A review of literature26 cited
  • 2015A quantitative assessment of the trade openness – economic growth nexus in India24 cited