Impact of the stock market capitalization and the banking spread in growth and development in Latin American: A panel data estimation with System GMM

Ali Aali-Bujari, Francisco Venegas-Martínez, Gilberto Pérez-Lechuga

Research output: Contribution to journalArticlepeer-review

7 Scopus citations

Abstract

© 2017 Universidad Nacional Autónoma de México, Facultad de Contaduría y Administración This research is aimed at assessing the impact of the stock market capitalization and the banking spread in per capita economic growth (as a proxy of economic development) in the major Latin American economies during period 1994–2012. To do this, a panel data model is estimated with both system and difference Generalized Method of Moments. The main empirical findings are that economic growth in the countries under study is positively impacted by the stock market capitalization and negatively by the banking spread. Typical problems of multicollinearity and autocorrelation appearing in panel data analysis are corrected under the proposed methodology.
Original languageAmerican English
Pages (from-to)1427-1441
Number of pages15
JournalContaduria y Administracion
DOIs
StatePublished - 1 Dec 2017

Fingerprint Dive into the research topics of 'Impact of the stock market capitalization and the banking spread in growth and development in Latin American: A panel data estimation with System GMM'. Together they form a unique fingerprint.

Cite this