Testing for Granger causality between stock prices and economic growth

Pasquale Foresti ()

MPRA Paper from University Library of Munich, Germany

Abstract: This paper has focused on the relationship between stock market prices and growth. A Granger-causality analysis has been carried out in order to assess whether there is any potential predictability power of one indicator for the other. The conclusion that can be drawn is that stock market prices can be used in order to predict growth, but the opposite it is not true.

JEL-codes: C22 E37 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-fdg, nep-mac and nep-rmg
Date: 2006, Revised 2007
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Persistent link: http://EconPapers.repec.org/RePEc:pra:mprapa:2962

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