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Mercado Accionario y Crecimiento Económico en Chile

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  • Eduardo Walker

Abstract

Based on Chilean evidence, the paper concludes that historical stock returns are useful for explaining future production growth rates, up to two years in advance. Growth rates up to two years in the future significantly explain past returns. When variable

Suggested Citation

  • Eduardo Walker, 1998. "Mercado Accionario y Crecimiento Económico en Chile," Latin American Journal of Economics-formerly Cuadernos de Economía, Instituto de Economía. Pontificia Universidad Católica de Chile., vol. 35(104), pages 49-72.
    • Handle: RePEc:ioe:cuadec:v:35:y:1998:i:104:p:49-72
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    File URL: http://www.economia.uc.cl/docs/104walka.pdf
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    References listed on IDEAS

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    1. Martha Douvogiannis & Joel Lander & Athanasios Orphanides, "undated". "Earnings Forecasts and the Predictability of Stock Returns: Evidence from Trading the S&P;," Finance and Economics Discussion Series 1997-06, Board of Governors of the Federal Reserve System (U.S.), revised 10 Dec 2019.
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    Cited by:

    1. Se Kyu Choi-Ha & Luis Felipe Lagos, 2003. "El Dinero como Indicador Líder," Latin American Journal of Economics-formerly Cuadernos de Economía, Instituto de Economía. Pontificia Universidad Católica de Chile., vol. 40(120), pages 259-283.
    2. Fernando Lefort & Eduardo Walker, 1999. "El Dólar Como Activo Financiero: Teoría y Evidencia Chilena," Latin American Journal of Economics-formerly Cuadernos de Economía, Instituto de Economía. Pontificia Universidad Católica de Chile., vol. 36(109), pages 1035-1066.
    3. Elena Moreno-García & Arturo García-Santillán & Sergio Hernández-Mejía & Jorge Muñoz-Buendía & Daniel Basurto-Romero, 2015. "Causal Relationship among Stock Markets and Economic Growth in Latin America," International Journal of Financial Markets, Research Academy of Social Sciences, vol. 1(4), pages 107-119.

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