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; Diego Mauricio Loyola Ochoa

doi:10.12804/revistas.urosario.edu.co/economia/a.8144

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

Translated title of the contribution: Latin American stock markets liquidity and their impact in the per capita economic growth

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

Universidad de Cuenca

Research output: Contribution to journal › Article › peer-review

1 Scopus citations

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.

Translated title of the contribution	Latin American stock markets liquidity and their impact in the per capita economic growth
Original language	Spanish
Article number	2
Pages (from-to)	371-392
Number of pages	22
Journal	Revista de Economia del Rosario
Volume	22
Issue number	2
DOIs	https://doi.org/10.12804/revistas.urosario.edu.co/economia/a.8144
State	Published - 1 Jul 2019

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title = "Liquidez de los mercados accionarios latinoamericanos y su impacto en el crecimiento econ{\'o}mico per-c{\'a}pita",

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.",

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AU - Pacheco, Pedro Fabian Mora

AU - Ochoa, Diego Mauricio Loyola

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

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