Foresti, Pasquale (2006): Testing for Granger causality between stock prices and economic growth.
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Abstract
This paper has focused on the relationship between stock market prices and growth. A Granger-causality analysis has been carried out in order to assess whether there is any potential predictability power of one indicator for the other. The conclusion that can be drawn is that stock market prices can be used in order to predict growth, but the opposite it is not true.
| Item Type: | MPRA Paper |
|---|---|
| Original Title: | Testing for Granger causality between stock prices and economic growth |
| Language: | English |
| Subjects: | C - Mathematical and Quantitative Methods > C2 - Single Equation Models ; Single Variables > C22 - Time-Series Models ; Dynamic Quantile Regressions ; Dynamic Treatment Effect Models ; Diffusion Processes E - Macroeconomics and Monetary Economics > E3 - Prices, Business Fluctuations, and Cycles > E37 - Forecasting and Simulation: Models and Applications |
| Item ID: | 2962 |
| Depositing User: | Pasquale Foresti |
| Date Deposited: | 26 Apr 2007 |
| Last Modified: | 26 Sep 2019 08:39 |
| URI: | https://mpra.ub.uni-muenchen.de/id/eprint/2962 |
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