The Long Run Value Premium and Economic Activity

2002 ◽  
Author(s):  
Angela J. Black ◽  
David G. McMillan
Keyword(s):  
Economic Activity ◽  
Value Premium ◽  
Long Run

The value premium and economic activity: Long-run evidence from the United States

2009 ◽  
Vol 10 (5) ◽  
pp. 305-317 ◽  
Author(s):  
Angela J Black ◽  
Bin Mao ◽  
David G McMillan
Keyword(s):  
United States ◽  
Economic Activity ◽  
The United States ◽  
Value Premium ◽  
Long Run

The impact of temporary migration for demographic perspective in Poland

2015 ◽  
Vol 60 (7) ◽  
pp. 74-89
Author(s):  
Agnieszka Fihel
Keyword(s):  
Economic Activity ◽  
Age Groups ◽  
Emigration And Immigration ◽  
Population Census ◽  
Temporary Migration ◽  
Demographic Situation ◽  
Temporary Emigration ◽  
Long Run ◽  
The Impact ◽  
Number Of Births

The National Population Census 2011 showed that over 2 million of Polish citizens have been temporarily staying abroad for at least 3 months. The aim of analysis is to present an impact of temporary emigration on the present and future demographic situation of our country, especially the change in the population size and number of births, as well as the advancement of aging process in the coming years. The results of the census 2011 indicate that the population losses due to temporary emigration may exceed 10% in the age groups 25–29 and 30–34. The results for 2014–2050 based on the CSO modified forecast including temporary emigration and immigration show a relevant decrease in the number of population at the age of economic activity. The possible return of emigrants could counteract the depopulation of our country, but in the long run will be intensified by the aging of the population.

From Main Street to Wall Street

2021 ◽  
Author(s):  
Jesper Rangvid
Keyword(s):  
Economic Growth ◽  
Stock Market ◽  
Business Cycle ◽  
Financial Markets ◽  
Stock Returns ◽  
Economic Activity ◽  
Wall Street ◽  
Business Cycle Fluctuations ◽  
Main Street ◽  
Long Run

From Main Street to Wall Street examines the relation between the economy and the stock market. It discusses the academic theories and empirical facts, and guides readers through the fascinating interaction between economic activity and financial markets. Itexamines what causes long-run economic growth and shorter-term business-cycle fluctuations and analyses their impact on stock markets. From Main Street to Wall Street also discusses how investors can use knowledge of economic activity and financial markets to formulate expectations to future stock returns. The book relies on data, and figures and tables illustrate arguments and theories in intuitive ways.In the end, From Main Street to Wall Street helps academic scholars and practitioners navigate financial markets by understanding the economy.

Introduction

2021 ◽  
pp. 1-6
Author(s):  
Jesper Rangvid
Keyword(s):  
Economic Growth ◽  
Business Cycle ◽  
Stock Returns ◽  
Economic Activity ◽  
Final Part ◽  
Stylized Facts ◽  
Long Run ◽  
Key Concepts ◽  
The Business Cycle

Chapter 1 contains an overview of the book. Part I introduces key concepts, definitions, and stylized facts regarding long–run economic growth and stock returns.Part II analyses the relation between economic growth and stock returns in the long run. Part III examines the shorter-horizon relation between economic growth and stock returns: the relation over the business cycle. Part IV explains how to make reasonable projections for economic activity, both for the short and the long run. Part V deals with expected future stock returns. The final part, a short one including one chapter only, explains how one can use the insights from the book when making investments.

Growth and returns across countries

2021 ◽  
pp. 78-87
Author(s):  
Jesper Rangvid
Keyword(s):  
Economic Growth ◽  
Interest Rates ◽  
Stock Returns ◽  
Stock Prices ◽  
Economic Activity ◽  
Wide Margin ◽  
The Past ◽  
Long Run ◽  
The Us ◽  
Long Run Risk

This chapter examines the relation between long-run economic growth and returns across countries. Have countries that have experienced high GDP growth historically also experienced high stock returns? The chapter contains three main messages. First, there is no clear tendency that countries that have grown fast in the past are also countries that have delivered high stock returns in the past. Second, as in the US, stock prices have in many countries followed economic activity in the long run. Third, real interest rates relate to economic growth across countries in the long run.Another conclusion emerging from this chapter is that long-run stock returns exceed long-run rates of economic growth and long-run risk-free rates by a wide margin.

scholarly journals Green Accounting: A Primer

2021 ◽  
Vol 2 (1) ◽  
Author(s):  
Matthew N. O. Sadiku ◽  
Tolulope J. Ashaolu ◽  
Sunday S. Adekunte ◽  
Sarhan M. Musa
Keyword(s):  
Environmental Impact ◽  
Economic Activity ◽  
Well Being ◽  
Environmental Accounting ◽  
Environmental Costs ◽  
Green Accounting ◽  
Long Run

Green or environmental accounting is a new branch of accounting that provides for accounting the environmental impact. Unlike conventional accounting, green accounting accounts for the environment and its well-being. It factors environmental costs into the financial results of operations. It accounts for long-run effects of economic activity on the environment. This primer provides a brief introduction to green accounting.

scholarly journals Stock Market Development and Economic Growth in India

2014 ◽  
Vol 3 (3) ◽  
pp. 30-46 ◽  
Author(s):  
Srinivasan Palamalai ◽  
Karthigai Prakasam
Keyword(s):  
Economic Growth ◽  
Stock Market ◽  
Economic Activity ◽  
Positive Influence ◽  
Market Development ◽  
Stock Market Development ◽  
Development Indicators ◽  
Turnover Ratio ◽  
Long Run ◽  
Market Capitalisation

The link between stock market development and economic activity has always been the subject of considerable debate in the field of economics and it raises empirical question whether stock market development influences economic activity or whether it is a consequence of increased economic activity. This study attempts to investigate the direction of causality between stock market development and economic growth in the Indian context. Using the cointegration and causality tests for the period June 1991 to June 2013, the study confirms a well defined long-run equilibrium relationship between the stock market development indicators and economic growth in India. The empirical results show bidirectional causality between market capitalisation and economic growth and unidirectional causality from turnover ratio to economic growth in the long-run and short-run. By and large, it can be inferred that the stock market development indicators viz. market capitalisation and turnover ratio have a positive influence on economic growth in India.

scholarly journals Monetary policy implementation and money demand instability during the financial crisis

2011 ◽  
Vol 59 (7) ◽  
pp. 177-186 ◽  
Author(s):  
Svatopluk Kapounek
Keyword(s):  
Monetary Policy ◽  
Financial Crisis ◽  
Policy Implementation ◽  
Money Demand ◽  
Economic Activity ◽  
Long Run ◽  
Cointegration Tests ◽  
Money Creation ◽  
Velocity Changes ◽  
Money Velocity

The author focuses on the money endogeneity in the context of common monetary policy implementation in the euro area. The empirical analysis shows money demand function instability during the financial crisis. The instability is described by decrease in credit money creation and money velocity changes. The cointegration tests identifed long-run positive relationship between monetary aggregates and economic activity. Concurrently, the economic activity is treated to be weakly exogenous in the model.The conclusions are discussed with Postkeynesians’ assumption, that central banks cannot fix the stock of money in a country. The causality is directed from economic activity to money demand.

scholarly journals It’s time for Westernization: the advantages of the early start for long-term economic development at the local level

2018 ◽  
Vol 71 (4) ◽  
pp. 996-1025
Author(s):  
Sotiris Kampanelis
Keyword(s):  
Economic Development ◽  
Economic Activity ◽  
Local Level ◽  
Early Start ◽  
Urban Economic ◽  
Urban Economic Development ◽  
Long Run ◽  
Dynamic Forces ◽  
Level Of Economic Development

Abstract This article examines the ‘early start’ hypothesis at the local level in the context of Australian colonization. It is found that the longer a place experiences economic activity under European management, the higher the level of economic development it achieves in the long-run. A theoretical framework is proposed under which a set of dynamic forces work in aggregate and enhance urban economic development. Results from several robustness checks that account for an array of possible biases validate the initial findings. Overall, the nature of Australian colonization reflects a relatively random variation in the duration of the Western presence at the local level, causing uneven urban development.

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