Equity market and money supply spillovers and economic growth in BRICS economies: A global vector autoregressive approach
作者： Nahla Samargandi , Ali M. Kutan , Kazi Sohag , Faisal Alqahtani
DOI: 10.1016/J.NAJEF.2019.101060
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摘要: Previous studies report that private credit as a proxy of financial development contributes to economic growth in BRICS economies. This paper employs three additional measures of financial development, namely equity market, money supply and market capitalization, and further investigates cross-country evidence on the impact of equity market and money supply spillovers on economic growth in BRICS economies. Utilizing a Global Vector Autoregressive (GVAR) framework and quarterly data from 1989Q1 and to 2012Q4 from …
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