Zafeiriou, Eleni, Karelakis, Christos, Malesios, Chrysovalantis and Koutroumanidis, T (2012). MARKET AND ECONOMIC DEVELOPMENT IN BULGARIA. IN: MARKET AND ECONOMIC DEVELOPMENT IN BULGARIA. UNSPECIFIED.
Abstract
The present paper tests empirically the existence of a causal relationship between the economic growth and the development in the banking and stock market in transition economies and especially the case of Bulgaria. The Johansen cointegration test indicated one long – run relationship between the banking sector, the stock market and the economic growth while the application of the Granger causality test indicated a bilateral relationship between the economic growth and the development in the stock market, as well as between the economic growth and the development in banking sector. Finally, a unilateral relationship was concluded between the development in credit and stock market.
| Divisions: | College of Business and Social Sciences > Aston Business School > Operations & Information Management |
|---|---|
| Additional Information: | © 2012 The Authors |
| Last Modified: | 26 Dec 2023 09:48 |
| Date Deposited: | 30 Oct 2019 12:06 | PURE Output Type: | Conference contribution |
| Published Date: | 2012 |
| Authors: |
Zafeiriou, Eleni
Karelakis, Christos Malesios, Chrysovalantis ( 
0000-0003-0378-3939)
Koutroumanidis, T |
CORE (COnnecting REpositories)
CORE (COnnecting REpositories)