IDEAS home Printed from https://ideas.repec.org/a/col/000151/017980.html
   My bibliography  Save this article

Liquidez de los mercados accionarios latinoamericanos y su impacto en el crecimiento económico per-cápita

Author

Listed:
  • Freddy Benjamin Naula Sigua
  • Jorge Arturo Campoverde Campoverde
  • Pedro Fabian Mora Pacheco
  • Diego Mauricio Loyola Ochoa

Abstract

This article provides empirical evidence regarding the influence of the liquidity of the stock market for economic growth, for a sample of 11 Latin American countries. For this purpose, researchers used panel data estimated by the generalized moment method (gmm), as well as variants of the model. The liquidity indicator: turn over, presented a negative sign, which is contrary to what is typically expected. Broadly, it is possible to conclude that liquidity influences economic growth. In addition, there are countries that can be considered atypical; because of this, the analysis was carried out with and without them. However, the results are maintained. The study corresponds partially to the existing literature.

Suggested Citation

  • Freddy Benjamin Naula Sigua & Jorge Arturo Campoverde Campoverde & Pedro Fabian Mora Pacheco & Diego Mauricio Loyola Ochoa, 2019. "Liquidez de los mercados accionarios latinoamericanos y su impacto en el crecimiento económico per-cápita," Revista de Economía del Rosario, Universidad del Rosario, vol. 22(2), pages 371-392, December.
    • Handle: RePEc:col:000151:017980
    as

    Download full text from publisher

    File URL: https://revistas.urosario.edu.co/index.php/economia/article/view/8144
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    Liquidity; economic growth; stock market; Latin America;
    All these keywords.

    JEL classification:

    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
    • E66 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General Outlook and Conditions
    • G10 - Financial Economics - - General Financial Markets - - - General (includes Measurement and Data)

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:col:000151:017980. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Facultad de Economía (email available below). General contact details of provider: https://edirc.repec.org/data/ferosco.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.