Mitreva, Mila (2022) The capital market as a driver of economic growth-with an emphasis on institutional investors investments. Challenges of Tourism and Business Logistics in the 21st century ISCTBL 2022, 5 (1). pp. 101-108.
![[thumbnail of paper Conference.pdf]](/style/images/fileicons/text.png) |
Text
paper Conference.pdf - Published Version Download (740kB) |
Abstract
The relationship between economic development and economic growth has been deeply analyzed, but the interrelationship between capital markets and economic growth has not been researched enough. The lack of research in this field was the driving factor for the analysis in this paper. Existing literature shows that capital market promotes the economic activities and are very beneficial for the investors, especially the institutional investors. Therefore, as dependent variable in this paper was taken the GDP growth, while the independent is the market capitalization. Results show that market capitalization is significant and has positive effect on the economic growth in the European Union. Additionally, the data was obtained from the World Bank database and the period of analysis is from 2006-2020. Considering the positive effect, this creates opportunities for further and deeper research. Nevertheless, institutional investors have shown their positive effect on economic growth, thus, more developed capital markets can be more attractive for them. The more institutional investors invest in the capital markets, the better will be the economic growth of the countries in the European Union.
| Item Type: | Article |
|---|---|
| Subjects: | Social Sciences > Economics and business |
| Divisions: | Faculty of Economics |
| Depositing User: | Mila Mitreva |
| Date Deposited: | 13 Jun 2022 10:41 |
| Last Modified: | 13 Jun 2022 10:41 |
| URI: | https://eprints.ugd.edu.mk/id/eprint/29834 |
Actions (login required)
 |
View Item |