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The Stock Market And Its Impact On The Economy: A Colombian Case Study 2001-2013, El Mercado De Valores Y Su Influencia En La Economia: Estudio Del Caso Colombiano 2001-2013

Author

Listed:
  • Juan Carlos Lezama Palomino
  • Miguel Angel Laverde Sarmiento
  • Carlos Arturo Gómez Restrepo

Abstract

The aim of this paper is to present the results of research to measure the influence of behavior in the Colombian´s stock market. To complete this task, it is necessary to take the economic development as a reference. Therefore, five variables must be taken into account and theoretically explained through the implementation of the VAR model. This document contributes to the development of applied financial economics. We find a positive connection between the market and economic behavior. In addition, since the Colombian´s stock market is highly concentrated; it is evident that the 10 high trading companies affect GDP

Suggested Citation

  • Juan Carlos Lezama Palomino & Miguel Angel Laverde Sarmiento & Carlos Arturo Gómez Restrepo, 2017. "The Stock Market And Its Impact On The Economy: A Colombian Case Study 2001-2013, El Mercado De Valores Y Su Influencia En La Economia: Estudio Del Caso Colombiano 2001-2013," Revista Internacional Administracion & Finanzas, The Institute for Business and Finance Research, vol. 10(2), pages 29-39.
    • Handle: RePEc:ibf:riafin:v:10:y:2017:i:2:p:29-39
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    More about this item

    Keywords

    Financial Economics; Stock Market; Economic Growth; VAR Model;
    All these keywords.

    JEL classification:

    • C01 - Mathematical and Quantitative Methods - - General - - - Econometrics
    • C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes
    • C51 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Construction and Estimation
    • G14 - Financial Economics - - General Financial Markets - - - Information and Market Efficiency; Event Studies; Insider Trading

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