2014
DOI: 10.2139/ssrn.2518354
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Temporal Causal Relationship between Stock Market Capitalization, Trade Openness and Real GDP: Evidence from Thailand

Abstract: Abstract:This study examines both short-run and long-run causal relationship between stock market capitalization, trade openness and economic growth in Thailand. Quarterly data over the period from the first quarter of 1993 to the fourth quarter of 2013 are used in the analysis. The results from this study show that there exists a unidirectional long-run causality running from stock market capitalization and trade openness to real GDP. In the short run, an increase in stock market capitalization causes economi… Show more

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“…The results were confirmed by several previous findings, including: (Ismail & Harjito, 2009;Shahbaz, 2012;Jiranyakul, 2014;Fatiha & Masih, 2017;Alam & Sumon, 2020;Abugamea, 2019); Gries & Redlin, 2020;Saimul & Darmawan, 2020). In contrast, other findings found no causality relationship between international trade and economic growth (Kalaitzi, 2018;Juliansyah et al, 2022).…”
Section: Causality Relationship Between International Trade and Econo...supporting
confidence: 89%
“…The results were confirmed by several previous findings, including: (Ismail & Harjito, 2009;Shahbaz, 2012;Jiranyakul, 2014;Fatiha & Masih, 2017;Alam & Sumon, 2020;Abugamea, 2019); Gries & Redlin, 2020;Saimul & Darmawan, 2020). In contrast, other findings found no causality relationship between international trade and economic growth (Kalaitzi, 2018;Juliansyah et al, 2022).…”
Section: Causality Relationship Between International Trade and Econo...supporting
confidence: 89%