TY  - CHAP
AB  - Abstract This study presents evidence on the relations of stock market performance and industrial production growth for a group of 20 industrial markets. Evidence supports the notion that an increase in stock returns or a rise in the market value of stocks contributes positively to industrial production growth. Evidence suggests that stock market risk has a significantly negative effect on production growth for advanced markets. The Granger test finds a unidirectional causality running from stock returns or stock volatility to industrial growth. However, the United States shows a bilateral causality between stock volatility and industrial production growth.
VL  - 5
SN  - 978-1-78743-409-7, 978-1-78743-410-3/2514-4650
DO  - 10.1108/S2514-465020170000001003
UR  - https://doi.org/10.1108/S2514-465020170000001003
AU  - Chiang Thomas C.
AU  - Chen Xiaoyu
PY  - 2017
Y1  - 2017/01/01
TI  - Stock Market Activities and Industrial Production Growth: Evidence from 20 International Markets
T2  - Advances in Pacific Basin Business Economics and Finance
T3  - Advances in Pacific Basin Business, Economics and Finance
PB  - Emerald Publishing Limited
SP  - 39
EP  - 75
Y2  - 2024/09/19
ER  -