THE STOCK MARKET AND ITS IMPACT ON THE ECONOMY: A COLOMBIAN CASE STUDY 2001-2013, EL MERCADO DE VALORES Y SU INFLUENCIA EN LA ECONOMIA: ESTUDIO DEL CASO COLOMBIANO 2001-2013

Juan Carlos Lezama Palomino, Miguel Angel Laverde Sarmiento and Carlos Arturo Gómez Restrepo

Revista Internacional Administracion & Finanzas, 2017, vol. 10, issue 2, 29-39

Abstract: The aim of this paper is to present the results of research to measure the influence of behavior in the Colombian´s stock market. To complete this task, it is necessary to take the economic development as a reference. Therefore, five variables must be taken into account and theoretically explained through the implementation of the VAR model. This document contributes to the development of applied financial economics. We find a positive connection between the market and economic behavior. In addition, since the Colombian´s stock market is highly concentrated; it is evident that the 10 high trading companies affect GDP

Keywords: Financial Economics; Stock Market; Economic Growth; VAR Model (search for similar items in EconPapers)
JEL-codes: C01 C22 C51 G14 (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:ibf:riafin:v:10:y:2017:i:2:p:29-39

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