Are small stock markets different?
Article Abstract:
The difference of partial correlation between growth and financial development in response to a country's economic and financial growth is investigated. The stock market development and economic growth is found to be different in countries with smaller stock markets.
Publisher: Elsevier B.V.
Publication Name: Journal of Monetary Economics
Subject: Economics
ISSN: 0304-3932
Year: 2003
Financial markets, Stock markets, Stock market
Publication Name: Journal of Monetary Economics
Subject: Economics
ISSN: 0304-3932
Year: 2003
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Existence and uniqueness of equilibrium in nonoptimal unbounded infinite horizon economies
Article Abstract:
Nonoptimal infinite horizon economies are studied where the state-space is unbounded. The existence and uniqueness of Markovian equilibrium for the compact state space case are well known but no similar sufficient conditions exist for unbounded growth.
Publisher: Elsevier B.V.
Publication Name: Journal of Monetary Economics
Subject: Economics
ISSN: 0304-3932
Year: 2003
Analysis, Equilibrium (Economics)
Publication Name: Journal of Monetary Economics
Subject: Economics
ISSN: 0304-3932
Year: 2003
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Subjects list: United States, Forecasts and trends, Economic development, Market trend/market analysis
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