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...

Disgrifiad llawn

Manylion Llyfryddiaeth
Prif Awdur: Mauro, Paolo
Fformat: Cylchgrawn
Iaith:English
Cyhoeddwyd: Washington, D.C. : International Monetary Fund, 2000.
Cyfres:IMF Working Papers; Working Paper ; No. 2000/089
Mynediad Ar-lein:Full text available on IMF
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020 |c 5.00 USD 
020 |z 9781451851274 
022 |a 1018-5941 
040 |a BD-DhAAL  |c BD-DhAAL 
100 1 |a Mauro, Paolo. 
245 1 0 |a Stock Returns and Output Growth in Emerging and Advanced Economies /  |c Paolo Mauro. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2000. 
300 |a 1 online resource (34 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a 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 forecast output also in emerging market economies. Moreover, the paper finds that the strength of the correlation between output growth and lagged stock returns is significantly related to a number of stock market characteristics, such as the number of listed domestic companies and initial public offerings and, especially, a high market capitalization to GDP ratio and English legal origin. 
538 |a Mode of access: Internet 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2000/089 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2000/089/001.2000.issue-089-en.xml  |z IMF e-Library