IDEAS home Printed from https://ideas.repec.org/a/eas/journl/v27y2019i27p23-36.html
   My bibliography  Save this article

Analysis Of The Development Of Stock Markets With The Calderon-Rossell Model: Example Of Brics-T Countries

Author

Listed:
  • AyÅŸegül ErtuÄŸrul AYRANCI

    (İstanbul Kültür Üniversitesi)

Abstract

Stock markets are vital fort he economic development of a country. The advancement of stock markets also plays a role in the development of financial sector. By the way, well-functioning of financial institutions is the driving force behind the sustainability of the development of the stock markets, along with the contribution to economic development. The aim of this study is to pinpoint the factors behind the development of stock markets for the BRICS-T group of developing countries with the help of the Calderon-Rossell model for the period 2000-2018. According to the results of the panel regression analysis; private sector loans and inflation are not posing any statistically significant effect on the development of the stock market. In contrast, with growth being the most effective variable, savings, foreign direct investments and turnover rate are significant variables in positive direction on the development of stock markets.

Suggested Citation

  • AyÅŸegül ErtuÄŸrul AYRANCI, 2019. "Analysis Of The Development Of Stock Markets With The Calderon-Rossell Model: Example Of Brics-T Countries," Eurasian Academy Of Sciences Social Sciences Journal, Eurasian Academy Of Sciences, vol. 27(27), pages 23-36, March.
    • Handle: RePEc:eas:journl:v:27:y:2019:i:27:p:23-36
    DOI: 10.17740/eas.soc.2019.V27-03
    as

    Download full text from publisher

    File URL: https://eurasianacademy.org/index.php/socialsciences/article/view/266
    Download Restriction: no
    File URL: https://libkey.io/10.17740/eas.soc.2019.V27-03?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    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:eas:journl:v:27:y:2019:i:27:p:23-36. 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: Kutluk Kagan Sumer (email available below). General contact details of provider: https://www.eurasianacademy.org/index.php/socialsciences .

    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.