Evidence on the dynamic relationship between international trade and the stock market

Fung, Hung‐Gay; Lo, Wai-Chung; Leung, W.K.

doi:10.1080/09638199500000015

Cited by 6 publications

(3 citation statements)

References 14 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…In this context, Türkiye's international trade determines the general economic conjuncture and affects the stock market index. This result is consistent with Fung et al (1995), Dvorak (2001) and Hasanujzaman (2016) You (2024).…”

Section: Discussionsupporting

confidence: 91%

The relationship between the Istanbul Stock Market and Türkiye’s foreign trade

Aytüre,

Keskin

2024

bmij

View full text Add to dashboard Cite

International trade is a significant indicator determining all countries' competitiveness and welfare levels, whether developed or developing. Stock markets are indicators of capital markets and economies. In this context, it may be significant to determine the relationship levels of international trade and the stock market. Purpose of the study: To examine the relationship and level between international trade potential in Türkiye and the BIST 100 Index (XU100) in the period 2013:01-2023:12. For this purpose, the reflection of Türkiye's exports and imports on BIST 100 was evaluated using Johansen Cointegral and Granger Causality Analysis methods. According to the findings, it has been determined that exports and imports are related to BIST 100 performance in the short and long term and cause BIST 100 performance. Exports positively affect BIST 100 performance in the short and long term, while imports negatively affect BIST 100 performance in the short and long term.

show abstract

Section: Discussionsupporting

confidence: 91%

The relationship between the Istanbul Stock Market and Türkiye’s foreign trade

Aytüre,

Keskin

2024

bmij

View full text Add to dashboard Cite

show abstract

“…3 2 Early work of this type begins with Homa and Jaffee (1971); Rozeff (1974); Rogalski and Vinso (1977) and Huang and Kracaw (1984) for example. Some more recent studies include Darrat (1990); Kwok (1992); Lee (1992); Muradoglu-Sengul and Onkal (1992); Stengos and Panas (1992); Cornelius (1993); Gallinger (1994); Hiemstra and Jones (1994); Asai and Tsunemasa (1995) ;Fung, Lo and Leung (1995); Jensen, Mercer and Johnson (1996); Kearney (1996); Ratner and Leal (1996); Leigh (1997); al-Bazai (1998); Niarchos and Alexakis (1998) ;Dhatt, Kim and Mukherji (1999);and Ibrahim (1999). The literature is summarized in Fifield, Lonie and Power (1998).…”

Section: Introductionmentioning

confidence: 99%

The Relationship Between Economic Factors and Equity Markets in Central Europe

Hanousek

Filer

2000

Economics of Transition

View full text Add to dashboard Cite

This paper investigates the possibility that newly-emerging equity markets in Central Europe exhibit semi-strong form efficiency such that no relationship exists between lagged values of changes in economic variables and changes in equity prices. We find that while there are connections between the real economy and equity market returns in Poland and Hungary, these links occur with lags, suggesting the possibility of profitable trading strategies based on public information and rejecting semi-strong efficiency. For the Czech Republic the situation is more complex. In recent periods, little connection exists between lagged economic variables and equity market returns. Although this finding might be viewed as consistent with semi-strong efficiency, in fact there is also little connection between current economic values and stock prices in the Czech Republic. Thus, instead of processing information efficiently, the Czech market appears to be entirely divorced from the real world. It is suggested that the difference in the current status of these markets may be due to the different methods by which they were created. JEL classification: E44, G15, O16.

show abstract

“…Singapore and Hong Kong, on the other hand, are significant financial and service centers that attract many investors and tourists. Singapore has a relatively developed manufacturing sector, while Hong Kong has almost no such sector (Fung et al, 1995;Meng, 1977;Schenk, 2008). These economies have strengths and challenges in the rapidly changing global economic landscape.…”

Section: Introductionmentioning

confidence: 99%

Middle-income traps: Experiences of Asian countries and lessons for Vietnam

Vinh,

Van,

Vinh

et al. 2024

Multidiscip. Rev.

View full text Add to dashboard Cite

Avoiding middle-income traps is one of the critical tasks for developing countries worldwide. Based on an analysis of policies that have contributed to Japan and South Korea achieving high economic development, this study proposes solutions to help Vietnam avoid falling into the middle-income trap. The results of the analysis of the experiences of Japan and South Korea indicate that to escape the middle-income trap, developing countries need to focus on investing in education and training, promoting innovation and entrepreneurship, investing in infrastructure, enhancing international trade, boosting foreign investment, improving competitiveness in the global market, and maintaining macroeconomic stability. Building on the analysis of the economic development situation in Vietnam from 2013 to 2023, this study puts forth solutions to assist developing countries, in general, and Vietnam, in particular, in avoiding middle-income traps.

show abstract

Evidence on the dynamic relationship between international trade and the stock market

Cited by 6 publications

References 14 publications

The relationship between the Istanbul Stock Market and Türkiye’s foreign trade

The relationship between the Istanbul Stock Market and Türkiye’s foreign trade

The Relationship Between Economic Factors and Equity Markets in Central Europe

Middle-income traps: Experiences of Asian countries and lessons for Vietnam

Contact Info

Product

Resources

About