Since 2014
Stock Market & the Economy: Evidence from Philippines
Journal of Applied Business and Economics
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| Title |
Stock Market & the Economy: Evidence from Philippines
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| Creator |
Jayasuriya, D Dulani
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| Description |
This study reviews prior literature on the relationship between the stock market and the economy and conducts a simple analysis on the same empirically for Philippines. The study utilizes quarterly data from 2003 to 2015. Results show that increases in past quarter real GDP growth causes a 0.56 increase in the present quarter real GDP growth. In addition, increases in past quarter PSI index returns cause a 0.04 increase in real GDP growth in the present quarter. Moreover, the study identifies an inflation-GDP growth puzzle for Philippines. Results support the permanent income and the financial accelerator views.
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| Publisher |
North American Business Press
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| Date |
2018-07-01
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion |
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| Format |
application/pdf
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| Identifier |
https://articlegateway.com/index.php/JABE/article/view/326
10.33423/jabe.v20i2.326 |
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| Source |
Journal of Applied Business and Economics; Vol 20 No 2 (2018)
1499-691X 10.33423/jabe.v20i2 |
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| Language |
eng
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| Relation |
https://articlegateway.com/index.php/JABE/article/view/326/287
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| Rights |
Copyright (c) 2018 Journal of Applied Business and Economics
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