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Details for article 36 of 195 found articles
| Title: |
Consumption and stock markets in Greater China |
| Author: |
Liu, Xiaohui Shu, Chang |
| Appeared in: |
Applied economics letters |
| Paging: | Volume 11 (2004) nr. 6 pages 365-368 |
| Year: |
2004-05-15 |
| Contents: |
This study investigates the causal links between stock market performance and consumption for Greater China using a VECM framework. Bi-directional causality between stock prices and consumption is found for Hong Kong and Taiwan. This indicates that the previous studies may have overestimated the wealth effect of stock markets without taking account of the reverse causation from consumption to the stock markets. Only one-way causality running from consumption to stock prices has been established for Mainland China. |
| Publisher: |
Routledge |
| Source file: |
Elektronische Wetenschappelijke Tijdschriften |
Details for article 36 of 195 found articles
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