IMPULSE-RESPONSE RELATIONSHIP BETWEEN ECONOMIC GROWTH AND SECTORIAL STOCK MARKET DYNAMIC, MEXICO 1998-2018 RELACION IMPULSO-RESPUESTA ENTRE CRECIMIENTO ECONOMICO Y DINAMICA BURSATIL SECTORIAL, MEXICO 1998-2018

Mario Aceves Mejia, Rufina Georgina Hernandez Contreras, Luis Alejandro Louvier Hernandez, Jose Francisco Tenorio Martinez and Cesar Daniel Nolasco Perez

Revista Internacional Administracion & Finanzas, 2019, vol. 12, issue 1, 21-40

Abstract: At present, there exists a theoretical and empirical debate about causal relationships between growth of the stock market sector and the dynamics of economic growth. Most research finds evidence of unidirectional relationships or special considerations for certain assets. This paper presents a study in sectorial terms. We examine elements the existence of bidirectional relationship between economic growth and market growth disaggregated for the Mexican economy. We stress the use of a short-term impulseresponse methodology by a Vector Autoregressive Model (VAR)

Keywords: Economic Growth; Stock Market Growth; Capitalization (search for similar items in EconPapers)
JEL-codes: C15 G10 O40 (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:ibf:riafin:v:12:y:2019:i:1:p:21-40

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