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Stock markets and industry growth: an Eastern European perspective

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  • Zbigniew Kominek

Abstract

This paper reviews the recent stock market developments in Poland and the Czech Republic and provides a case-study insight into the direction of causality between stock market expansion and economic growth. It finds no evidence that the relative failure of the Czech security market affected the country's economy. It also reports that the largest equity issuers in Eastern Europe do not come from industries traditionally considered financially dependent.

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  • Zbigniew Kominek, 2004. "Stock markets and industry growth: an Eastern European perspective," Applied Economics, Taylor & Francis Journals, vol. 36(10), pages 1025-1030.
    • Handle: RePEc:taf:applec:v:36:y:2004:i:10:p:1025-1030
    DOI: 10.1080/0003684042000246731
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    Cited by:

    1. Eduard Baum??hl & ??tefan Ly??csa, 2014. "How smooth is the stock market integration of CEE-3?," William Davidson Institute Working Papers Series wp1079, William Davidson Institute at the University of Michigan.
    2. Ion POHOAŢĂ, & Delia Elena DIACONAÅžU, Author-Workplace-Name: Alexandru Ioan Cuza University of IaÅŸi, 700506, Romania & Oana Ramona SOCOLIUC, 2016. "Economic Dynamics €“ Stock Market Evolution: A Relation Committed To Dysfunctionality In Romania And Croatia," EcoForum, "Stefan cel Mare" University of Suceava, Romania, Faculty of Economics and Public Administration - Economy, Business Administration and Tourism Department., vol. 5(1), pages 1-40, January.
    3. Juncal Cunado & Fernando Perez de Gracia, 2006. "Real convergence in some Central and Eastern European countries," Applied Economics, Taylor & Francis Journals, vol. 38(20), pages 2433-2441.
    4. Ripamonti, Alexandre & Kayo, Eduardo, 2016. "Corporate Governance and Capital Structure: Stock, Bonds and Substitution," MPRA Paper 79457, University Library of Munich, Germany.

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