Stock market development in CEE countries – the panel data analysis
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| Format: | Artículo científico |
| Sprache: | en |
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Vilniaus Universitetas
2010
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| _version_ | 1876490093431095296 |
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| author | Radosław Kurach |
| author_facet | Radosław Kurach |
| contents | Stock market development in CEE countries – the panel data analysis Radosław Kurach Economía y Finanzas macroeconomic stability Stock market development fixed and random effects models Since financial system development is a necessary condition of the long-run economic growth, in this paper we address the question about the factors that may drive in particular the development of stock market segment. We propose a set of potential determinants and then empirically verify their importance, employing panel data methodology. We focus our attention on the thirteen CEE states and look for the conclusions that may be specific for transition economies in this region. Finally, we formulate the finding that large budget deficits have affected significantly and adversely the CEE countries’ stock markets growth. 2010 artículo científico 2424-6166 https://www.redalyc.org/articulo.oa?id=692273741002 en http://www.redalyc.org/revista.oa?id=6922 Ekonomika application/pdf Vilniaus Universitetas Ekonomika (Lituania) Num.3 Vol.89 |
| format | Artículo científico |
| id | redalyc_692273741002 |
| institution | Redalyc |
| language | en |
| publishDate | 2010 |
| publisher | Vilniaus Universitetas |
| spellingShingle | Stock market development in CEE countries – the panel data analysis Radosław Kurach Economía y Finanzas macroeconomic stability Stock market development fixed and random effects models Stock market development in CEE countries – the panel data analysis Radosław Kurach Economía y Finanzas macroeconomic stability Stock market development fixed and random effects models Since financial system development is a necessary condition of the long-run economic growth, in this paper we address the question about the factors that may drive in particular the development of stock market segment. We propose a set of potential determinants and then empirically verify their importance, employing panel data methodology. We focus our attention on the thirteen CEE states and look for the conclusions that may be specific for transition economies in this region. Finally, we formulate the finding that large budget deficits have affected significantly and adversely the CEE countries’ stock markets growth. 2010 artículo científico 2424-6166 https://www.redalyc.org/articulo.oa?id=692273741002 en http://www.redalyc.org/revista.oa?id=6922 Ekonomika application/pdf Vilniaus Universitetas Ekonomika (Lituania) Num.3 Vol.89 |
| title | Stock market development in CEE countries – the panel data analysis |
| topic | Economía y Finanzas macroeconomic stability Stock market development fixed and random effects models |
| url | https://www.redalyc.org/articulo.oa?id=692273741002 |