Title of article
Is there a stock market wealth effect in emerging markets?
Author/Authors
Norbert Funke، نويسنده ,
Issue Information
روزنامه با شماره پیاپی سال 2004
Pages
5
From page
417
To page
421
Abstract
Using a panel of 16 emerging markets, this paper presents some evidence for a small but statistically significant stock market wealth effect. Over a 3-year period a 10% decline (increase) in stock prices is associated, on average, with a 0.2–0.4% decrease (increase) in private consumption.
Keywords
Consumption , Stock markets , Financial wealth
Journal title
Economics Letters
Serial Year
2004
Journal title
Economics Letters
Record number
435440
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