Latin American Stock Markets Liquidity and their Impact in the Per Capita Economic Growth

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

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Published: Sep 4, 2019
Issue: Vol. 22 No. 2 (2019)
Section Articles


Keywords: Liquidity economic growth stock market Latin America.

Main Article Content

Authors

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

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.

How to Cite
Naula Sigua, F. B., Campoverde Campoverde, J. A., Mora Pacheco, P. F., & Loyola Ochoa, D. M. (2019). Latin American Stock Markets Liquidity and their Impact in the Per Capita Economic Growth. Revista Economía Del Rosario, 22(2), 371–392. https://doi.org/10.12804/revistas.urosario.edu.co/economia/a.8144
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