Interdependence of stock exchange indicators and GDP in selected Balkan countries

Stock markets and the level of their development have a great impact on economic growth. The purpose of this research is to empirically determine if there is interdependence between gross domestic product and (1) total turnover and (2) market capitalization in analyzed stock markets. By analyzing th...

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Autor principal:	Živković Aleksandra
Formato:	article
Lenguaje:	SR
Publicado:	University Business Academy - Faculty of Economics and Engineering Management, Novi Sad, Serbia 2021
Materias:	stock markets market capitalization total turnover gross domestic product Business HF5001-6182
Acceso en línea:	https://doaj.org/article/f0c0502c41ba412a9f7bfa060b6a6e9d
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spelling	oai:doaj.org-article:f0c0502c41ba412a9f7bfa060b6a6e9d2021-12-05T20:58:41ZInterdependence of stock exchange indicators and GDP in selected Balkan countries2217-54582620-022810.5937/etp2103044Qhttps://doaj.org/article/f0c0502c41ba412a9f7bfa060b6a6e9d2021-01-01T00:00:00Zhttps://scindeks-clanci.ceon.rs/data/pdf/2217-5458/2021/2217-54582103044Q.pdfhttps://doaj.org/toc/2217-5458https://doaj.org/toc/2620-0228Stock markets and the level of their development have a great impact on economic growth. The purpose of this research is to empirically determine if there is interdependence between gross domestic product and (1) total turnover and (2) market capitalization in analyzed stock markets. By analyzing the ratio between total turnover and market capitalization into gross domestic product, the level of liquidity and activity of these stock markets can be determined, which enables the comparison of analyzed stock markets based on the mentioned financial indicators. This research included Zagreb, Ljubljana, Montenegro and the Bucharest stock market - in the period 2011-2019. The obtained results show that the analyzed markets are small and not developed, with a low level of activity and liquidity and they indicate the presence of interdependence between gross domestic product and the mentioned financial indicators.Živković AleksandraUniversity Business Academy - Faculty of Economics and Engineering Management, Novi Sad, Serbiaarticlestock marketsmarket capitalizationtotal turnovergross domestic productBusinessHF5001-6182SREkonomija: teorija i praksa, Vol 14, Iss 3, Pp 44-63 (2021)
institution	DOAJ
collection	DOAJ
language	SR
topic	stock markets market capitalization total turnover gross domestic product Business HF5001-6182
spellingShingle	stock markets market capitalization total turnover gross domestic product Business HF5001-6182 Živković Aleksandra Interdependence of stock exchange indicators and GDP in selected Balkan countries
description	Stock markets and the level of their development have a great impact on economic growth. The purpose of this research is to empirically determine if there is interdependence between gross domestic product and (1) total turnover and (2) market capitalization in analyzed stock markets. By analyzing the ratio between total turnover and market capitalization into gross domestic product, the level of liquidity and activity of these stock markets can be determined, which enables the comparison of analyzed stock markets based on the mentioned financial indicators. This research included Zagreb, Ljubljana, Montenegro and the Bucharest stock market - in the period 2011-2019. The obtained results show that the analyzed markets are small and not developed, with a low level of activity and liquidity and they indicate the presence of interdependence between gross domestic product and the mentioned financial indicators.
format	article
author	Živković Aleksandra
author_facet	Živković Aleksandra
author_sort	Živković Aleksandra
title	Interdependence of stock exchange indicators and GDP in selected Balkan countries
title_short	Interdependence of stock exchange indicators and GDP in selected Balkan countries
title_full	Interdependence of stock exchange indicators and GDP in selected Balkan countries
title_fullStr	Interdependence of stock exchange indicators and GDP in selected Balkan countries
title_full_unstemmed	Interdependence of stock exchange indicators and GDP in selected Balkan countries
title_sort	interdependence of stock exchange indicators and gdp in selected balkan countries
publisher	University Business Academy - Faculty of Economics and Engineering Management, Novi Sad, Serbia
publishDate	2021
url	https://doaj.org/article/f0c0502c41ba412a9f7bfa060b6a6e9d
work_keys_str_mv	AT zivkovicaleksandra interdependenceofstockexchangeindicatorsandgdpinselectedbalkancountries
_version_	1718371040153829376

Interdependence of stock exchange indicators and GDP in selected Balkan countries

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