Liquidez de los mercados accionarios latinoamericanos y su impacto en el crecimiento económico per-cápita

Freddy Benjamin Naula Sigua (), Jorge Arturo Campoverde Campoverde (), Pedro Fabian Mora Pacheco () and Diego Mauricio Loyola Ochoa ()

Revista de Economía del Rosario, 2019, vol. 22, issue 2, No 17980, 392 pages

Abstract: This article provides empirical evidence regarding the influence of the liquidity of the stock market for economic growth, for a sample of 11 Latin American countries. For this purpose, researchers used panel data estimated by the generalized moment method (gmm), as well as variants of the model. The liquidity indicator: turn over, presented a negative sign, which is contrary to what is typically expected. Broadly, it is possible to conclude that liquidity influences economic growth. In addition, there are countries that can be considered atypical; because of this, the analysis was carried out with and without them. However, the results are maintained. The study corresponds partially to the existing literature.

Keywords: Liquidity; economic growth; stock market; Latin America (search for similar items in EconPapers)
JEL-codes: C23 E66 G10 (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:col:000151:017980

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