메뉴 건너뛰기




Volumn 71, Issue 1, 2003, Pages 129-153

Stock returns and output growth in emerging and advanced economies

Author keywords

Emerging markets; Leading indicators; Stock returns

Indexed keywords

ECONOMIC GROWTH; GROSS DOMESTIC PRODUCT; MARKET CONDITIONS; STOCK MARKET;

EID: 0038218257     PISSN: 03043878     EISSN: None     Source Type: Journal    
DOI: 10.1016/S0304-3878(02)00136-0     Document Type: Article
Times cited : (86)

References (24)
  • 1
    • 0033775555 scopus 로고    scopus 로고
    • Macroeconomic fluctuations in developing countries: Some stylized facts
    • Agenor P. McDermott J. Prasad E. Macroeconomic fluctuations in developing countries: some stylized facts World Bank Economic Review 14 2 2000 251 285
    • (2000) World Bank Economic Review , vol.14 , Issue.2 , pp. 251-285
    • Agenor, P.1    McDermott, J.2    Prasad, E.3
  • 2
    • 0001499769 scopus 로고
    • Asset portfolios and macroeconomic variables in ten European countries
    • Asprem M. Asset portfolios and macroeconomic variables in ten European countries Journal of Banking and Finance 13 4-5 1989 589 612
    • (1989) Journal of Banking and Finance , vol.13 , Issue.4-5 , pp. 589-612
    • Asprem, M.1
  • 3
    • 0001559689 scopus 로고
    • International evidence on the historical properties of business cycles
    • Backus D.K. Kehoe P. International evidence on the historical properties of business cycles American Economic Review 82 4 1992 864 888
    • (1992) American Economic Review , vol.82 , Issue.4 , pp. 864-888
    • Backus, D.K.1    Kehoe, P.2
  • 4
    • 0000196911 scopus 로고
    • The stock market and investment
    • Barro R.J. The stock market and investment The Review of Financial Studies 3 1 1990 115 131
    • (1990) The Review of Financial Studies , vol.3 , Issue.1 , pp. 115-131
    • Barro, R.J.1
  • 6
    • 77956771554 scopus 로고    scopus 로고
    • Taylor, J.B., Woodford, M. (Eds.), North Holland, Elsevier, Amsterdam, New York
    • Campbell, J., 1999. Asset prices, consumption, and the business cycle. In: Taylor, J.B., Woodford, M. (Eds.), Handbook of Macroeconomics. North Holland, Elsevier, Amsterdam, New York.
    • (1999) Handbook of Macroeconomics
    • Campbell, J.1
  • 7
    • 0033474607 scopus 로고    scopus 로고
    • Does the stock market predict real activity? Time series evidence from the G-7 countries
    • Choi J.J. Hauser S. Kopecky K.J. Does the stock market predict real activity? Time series evidence from the G-7 countries Journal of Banking and Finance 23 12 1999 1771 1792
    • (1999) Journal of Banking and Finance , vol.23 , Issue.12 , pp. 1771-1792
    • Choi, J.J.1    Hauser, S.2    Kopecky, K.J.3
  • 8
    • 84977702570 scopus 로고
    • The term structure as a predictor of real activity
    • Estrella A. Hardouvelis G.A. The term structure as a predictor of real activity Journal of Finance 46 2 1991 555 576
    • (1991) Journal of Finance , vol.46 , Issue.2 , pp. 555-576
    • Estrella, A.1    Hardouvelis, G.A.2
  • 9
    • 84977707061 scopus 로고
    • Stock returns, expected returns, and real activity
    • Fama E.F. Stock returns, expected returns, and real activity Journal of Finance 45 4 1990 1089 1108
    • (1990) Journal of Finance , vol.45 , Issue.4 , pp. 1089-1108
    • Fama, E.F.1
  • 12
    • 0003426437 scopus 로고    scopus 로고
    • International Finance Corporation, various issues. International FinanceCorporation, Washington DC
    • International Finance Corporation, various issues. Emerging Stock Markets Factbook. International Finance Corporation, Washington DC.
    • Emerging Stock Markets Factbook
  • 14
    • 0000329790 scopus 로고    scopus 로고
    • Financial development and economic growth: Views and agenda
    • Levine R. Financial development and economic growth: views and agenda Journal of Economic Literature 35 2 1997 688 726
    • (1997) Journal of Economic Literature , vol.35 , Issue.2 , pp. 688-726
    • Levine, R.1
  • 15
    • 0346613552 scopus 로고    scopus 로고
    • Stock markets, banks, and economic growth
    • Levine R. Zervos S. Stock markets, banks, and economic growth American Economic Review 88 3 1998 537 558
    • (1998) American Economic Review , vol.88 , Issue.3 , pp. 537-558
    • Levine, R.1    Zervos, S.2
  • 18
    • 38249022860 scopus 로고
    • The effect of the stock market on investment: A comparative study
    • Mullins M. Wadhwani S.B. The effect of the stock market on investment: a comparative study European Economic Review 33 5 1989 939 961
    • (1989) European Economic Review , vol.33 , Issue.5 , pp. 939-961
    • Mullins, M.1    Wadhwani, S.B.2
  • 19
    • 58149365138 scopus 로고
    • Estimating long-run relationships from dynamic heterogeneous panels
    • Pesaran M.H. Smith R. Estimating long-run relationships from dynamic heterogeneous panels Journal of Econometrics 68 1 1995 79 113
    • (1995) Journal of Econometrics , vol.68 , Issue.1 , pp. 79-113
    • Pesaran, M.H.1    Smith, R.2
  • 20
    • 0009410789 scopus 로고    scopus 로고
    • Volatility and predictability in national stock markets: How do emerging and mature markets differ?
    • Richards A.J. Volatility and predictability in national stock markets: how do emerging and mature markets differ? Staff Papers - International Monetary Fund 43 3 1996 461 501
    • (1996) Staff Papers - International Monetary Fund , vol.43 , Issue.3 , pp. 461-501
    • Richards, A.J.1
  • 21
    • 84977711269 scopus 로고
    • Stock returns and real activity: A century of evidence
    • Schwert G.W. Stock returns and real activity: a century of evidence Journal of Finance 45 4 1990 1237 1257
    • (1990) Journal of Finance , vol.45 , Issue.4 , pp. 1237-1257
    • Schwert, G.W.1
  • 24
    • 38249007451 scopus 로고
    • Macroeconomic news and the stock market: Evidence from Europe
    • Wasserfallen W. Macroeconomic news and the stock market: evidence from Europe Journal of Banking and Finance 13 4-5 1989 613 626
    • (1989) Journal of Banking and Finance , vol.13 , Issue.4-5 , pp. 613-626
    • Wasserfallen, W.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.