nep-fdg New Economics Papers
on Financial Development and Growth
Issue of 2007‒05‒12
one paper chosen by
Iulia Igescu
Global Insight, GmbH

  1. Testing for Granger causality between stock prices and economic growth By Foresti, Pasquale

  1. By: Foresti, Pasquale
    Abstract: This paper has focused on the relationship between stock market prices and growth. A Granger-causality analysis has been carried out in order to assess whether there is any potential predictability power of one indicator for the other. The conclusion that can be drawn is that stock market prices can be used in order to predict growth, but the opposite it is not true.
    JEL: C22 E37
    Date: 2006

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