Stock Returns and Output Growth in Emerging and Advanced Economies /

This paper studies the correlation between output growth and lagged stock returns in a panel of emerging market economies and advanced economies. It finds that the correlation is as strong in emerging market economies as in advanced economies. Asset prices therefore contain valuable information to f...

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Detalhes bibliográficos
Autor principal: Mauro, Paolo
Formato: Periódico
Idioma:English
Publicado em: Washington, D.C. : International Monetary Fund, 2000.
coleção:IMF Working Papers; Working Paper ; No. 2000/089
Acesso em linha:Full text available on IMF