The Role of Mexico's Stock Exchange In Economic Growth

Ortíz, Edgar; Cabello, Alejandra; Jesús, Raúl de

doi:10.1016/j.jeca.2007.02.001

Cited by 4 publications

(1 citation statement)

References 61 publications

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“…With respect to financial markets, studies which herald the immense benefits that accrue to nations that open their markets to the outside world include Levine (2001), Bekaert et al (2003), and Ortiz et al (2007) while the effectiveness of such openings underscores the need for reform programmes such as financial markets liberalization which gained currency in the 1980s and 1990s in the first place.…”

Section: Introductionmentioning

confidence: 99%

Market opening and economic growth in Nigeria

Ifeanyi¹,

Romanus²,

Tunji³

2020

J. Econ. Int. Finance

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Market opening positively impacts economic growth due to reduction in the cost of capital and international risk diversification, amongst others in Nigeria. Using a robust set of econometric approach involving unit root test, co-integration, vector error correction model and granger causality, there is evidence that current value of economic growth responds to disequilibrium from past values of real gross domestic product, stock market development, foreign direct investment, trade openness, inflation and banking sector development in the long run. The result also shows that past values of real gross domestic product, foreign direct investment and trade openness promotes economic growth in the short run. The study, therefore, concludes that there are bi-directional causalities both in the short term and the long term between the dependent and explanatory variables. Based on the findings, the study recommends that policy makers in Nigeria should pay more attention to factors that can boost stock market development, foreign direct investment, trade openness, inflation and banking sector development in order to impact economic growth more positively in line with theoretical evidence that market opening positively impacts economic growth especially in frontier and emerging markets such as Nigeria.

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Section: Introductionmentioning

confidence: 99%

Market opening and economic growth in Nigeria

Ifeanyi¹,

Romanus²,

Tunji³

2020

J. Econ. Int. Finance

View full text Add to dashboard Cite

show abstract

Dependencia condicional en colas entre el mercado accionario y el crecimiento económico: el caso mexicano

Valdés

Roldán

2016

Investigación Económica

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Mercados accionarios y su relación con la economía real en América Latina

Brugger¹,

Ortíz²

2011

RPD

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Este trabajo examina la relación entre el desempeño de las bolsas latinoamericanas devalores con su economía real aplicando siete modelos econométricos para los casos de Argentina, Brasil, Chile y México. La relación entre los rendimientos bursátiles de estos países y sus respectivos productos internos brutos se examina y compara aplicando para las series de cada país, pruebas de raíz unitaria, análisis de cointegración, análisis del modelo de corrección de error, modelación de causalidad Granger, análisis de vectores autorregresivos, funciones de impulso respuesta, y análisis de descomposición de la varianza. Las series comprenden los índices bursátiles MERVAL de Argentina, BOVESPA Brasil, IGPA de Chile, e IPC de México compilados de Economática; y las series del producto interno bruto que se obtuvieron de la base de datos <em>cepalStat</em>. Las series son mensuales y comprenden el periodo 1993-2005.

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The Role of Mexico's Stock Exchange In Economic Growth

Cited by 4 publications

References 61 publications

Market opening and economic growth in Nigeria

Market opening and economic growth in Nigeria

Dependencia condicional en colas entre el mercado accionario y el crecimiento económico: el caso mexicano

Mercados accionarios y su relación con la economía real en América Latina

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