Correlation of Financial Innovation, Stock Market, Cryptocurrency on Economic Growth
نویسندگان
چکیده
Indonesia has had the critical issue of economic growth in last ten years which trend was declining year by year, 2011 GDP YoY 6.5% then declined become 5% 2019 (before Covid-19 pandemic) and worst Pandemic Era -5.3%. This research aims to provide an understanding effect short term long Financial Innovation, Stock Market Cryptocurrency on Indonesia's using Vector Error Correction Model (VECM) method. The methode chosen based Stationary Analysis Cointegration Test. It is shown that data non-Stationary result Test there a conintegration at 0.05 level. Enrich with analysis Impulse Response Variance Decomposition obtain fluctuated impacted those variables monthly basis, previous researchers have not researched. results showed correlation Market, Innovation growth, run, all give positive correlation. Still, short-run, only stock market run VECM supported response variance decomposition most significant impact
منابع مشابه
Financial Dependence, Stock Market Liberalizations, and Growth
Stock market liberalizations provide a natural experiment to test for the causal relation between financial development and economic growth. We test this relation by investigating whether liberalizations facilitate growth through the particular mechanism of reducing capital market imperfections that drive a wedge between the external and internal cost of capital to firms. Using panel data on a ...
متن کاملStock market development and economic growth
Since the 1990s economists have devoted considerable attention to the study of the relationship between financial markets development and economic growth. In particular, the emergence of stock markets with economic development is an intriguing and interesting aspect of such a relationship, and yet relatively unexplored. This paper examines the most recent findings in the theoretical and empiric...
متن کاملExplaining Stock Market Correlation:
A gravity model, frequently used to explain trade patterns, is used to explain stock market correlations. The main result of the trade literature is that geography matters for goods markets. Physical location and trading costs should be less of an issue in asset markets. However we find that geographical variables still matter when examining equity market linkages. In particular, the number of ...
متن کاملStock Market Development and Economic Growth: Evidence from Developing Countries
This study examines the relationship between stock market development and economic growth for 21 emerging markets over 21 years, using a dynamic panel method. Results suggest a positive relationship between several indicators of the stock market performance and economic growth both directly, as well as indirectly by boosting private investment behavior. Thus they lend support both to the financ...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Economics Development Analysis Journal
سال: 2022
ISSN: ['2252-6560', '2502-2725']
DOI: https://doi.org/10.15294/edaj.v11i3.57121