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Impulse-Response Relationship Between Economic Growth And Sectorial Stock Market Dynamic, Mexico 1998-2018 Relacion Impulso-Respuesta Entre Crecimiento Economico Y Dinamica Bursatil Sectorial, Mexico 1998-2018

Author

Listed:
  • Mario Aceves Mejia
  • Rufina Georgina Hernandez Contreras
  • Luis Alejandro Louvier Hernandez
  • Jose Francisco Tenorio Martinez
  • Cesar Daniel Nolasco Perez

Abstract

At present, there exists a theoretical and empirical debate about causal relationships between growth of the stock market sector and the dynamics of economic growth. Most research finds evidence of unidirectional relationships or special considerations for certain assets. This paper presents a study in sectorial terms. We examine elements the existence of bidirectional relationship between economic growth and market growth disaggregated for the Mexican economy. We stress the use of a short-term impulseresponse methodology by a Vector Autoregressive Model (VAR)

Suggested Citation

  • Mario Aceves Mejia & Rufina Georgina Hernandez Contreras & Luis Alejandro Louvier Hernandez & Jose Francisco Tenorio Martinez & Cesar Daniel Nolasco Perez, 2019. "Impulse-Response Relationship Between Economic Growth And Sectorial Stock Market Dynamic, Mexico 1998-2018 Relacion Impulso-Respuesta Entre Crecimiento Economico Y Dinamica Bursatil Sectorial, Mexico ," Revista Internacional Administracion & Finanzas, The Institute for Business and Finance Research, vol. 12(1), pages 21-40.
    • Handle: RePEc:ibf:riafin:v:12:y:2019:i:1:p:21-40
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    More about this item

    Keywords

    Economic Growth; Stock Market Growth; Capitalization;
    All these keywords.

    JEL classification:

    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
    • C15 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Statistical Simulation Methods: General
    • G10 - Financial Economics - - General Financial Markets - - - General (includes Measurement and Data)

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