IDEAS home Printed from https://ideas.repec.org/a/cmj/journl/y2014i5pohoata,socoliuc&diaconasu.html
   My bibliography  Save this article

The Success Of Emerging Capital Markets In Determining Economic Growth

Author

Listed:
  • Ion POHOAŢĂ

    (Faculty of Economics and Business Administration, ALEXANDRU IOAN CUZA University of Iasi, Romania)

  • Oana R. SOCOLIUC

    (Faculty of Economics and Business Administration, ALEXANDRU IOAN CUZA University of Iasi, Romania)

  • Delia E. DIACONAŞU

    (Faculty of Economics and Business Administration, ALEXANDRU IOAN CUZA University of Iasi, Romania)

Abstract

Capital markets are regarded as “the barometer” of economic activity at the national level, but among emerging markets, the position of this segment in the economy is far from ideal. The answers that we try to offer are concerning the contribution of capital markets to the economic welfare of nations in transition from Central and Eastern Europe, using Granger causality tests. Our findings highlight that in this geographical area, the relation between capital markets and economic growth is a bidirectional one. However, although both the establishment of stock exchanges and their liberalization represented governments’ strategy of economic development, their objective was not fully achieved. Institutional transformations are required in order to attract foreign investors.

Suggested Citation

  • Ion POHOAŢĂ & Oana R. SOCOLIUC & Delia E. DIACONAŞU, 2014. "The Success Of Emerging Capital Markets In Determining Economic Growth," CrossCultural Management Journal, Fundația Română pentru Inteligența Afacerii, Editorial Department, issue 1, pages 139-145, May.
    • Handle: RePEc:cmj:journl:y:2014:i:5:pohoata,socoliuc&diaconasu
    as

    Download full text from publisher

    File URL: http://seaopenresearch.eu/Journals/articles/CMJ2014_I1_11.pdf
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    Emerging capital market; Economic development; Central and Eastern Europe;
    All these keywords.

    JEL classification:

    • F62 - International Economics - - Economic Impacts of Globalization - - - Macroeconomic Impacts
    • G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions
    • G15 - Financial Economics - - General Financial Markets - - - International Financial Markets

    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:cmj:journl:y:2014:i:5:pohoata,socoliuc&diaconasu. 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: Serghie Dan (email available below). General contact details of provider: https://seaopenresearch.eu/ .

    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.