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

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

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Publicado: Sep 4, 2019
Número
Vol. 22 Núm. 2 (2019)
Sección
Artículos
Palabras clave:
Liquidity, economic growth, stock market, Latin America. liquidez, crecimiento económico, mercado accionario, Latinoamérica liquidez, crescimento econômico, mercado acionário, Latino-América.

Contenido principal del artículo

Freddy Benjamin Naula Sigua
Universidad de Cuenca
Jorge Arturo Campoverde Campoverde
Universidad de Cuenca
Pedro Fabian Mora Pacheco
Universidad de Cuenca
Diego Mauricio Loyola Ochoa
Universidad de Cuenca

Resumen

El presente artículo aporta evidencia empírica respecto a la influencia que tiene la liquidez del mercado accionario en el crecimiento económico, para una muestra de 11 países latinoamericanos. Con ésta finalidad, se utilizaron datos de panel, estimados por el método de Momentos Generalizados (GMM por sus siglas en inglés), además de variantes de dicho modelo. A pesar de que uno de los indicadores de liquidez, específicamente el Turnover, presenta un signo negativo, lo cual es contrario a lo típicamente esperado, a nivel general es posible concluir que la liquidez sí influye en el crecimiento económico. Además, existen países que pueden ser considerados atípicos; por eso se realizó el análisis con y sin ellos, obteniendo en ambos casos que se mantenía el mismo resultado. El estudio se corresponde de forma parcial con la literatura existente.

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Cómo citar

Naula Sigua, F. B., Campoverde Campoverde, J. A., Mora Pacheco, P. F., & Loyola Ochoa, D. M. (2019). Liquidez de los mercados accionarios latinoamericanos y su impacto en el crecimiento económico per-cápita. Revista De Economía Del Rosario, 22(2), 371-392. https://doi.org/10.12804/revistas.urosario.edu.co/economia/a.8144

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