Finančni trgi kot dejavnik razvitosti gospodarstev

magistrsko delo

Aljaž Skaza (Author), Timotej Jagrič (Mentor)

Abstract

V magistrskem delu gradimo na obstoječih raziskavah, ki povezujejo razvoj finančnih trgov in gospodarski razvoj. Raziskujemo vpliv razvoja finančnih trgov na gospodarski razvoj v določenem časovnem obdobju, pri čemer uporabljamo metodo najmanjših kvadratov na vzorcu 40 držav za obdobje od leta 2001 do 2016. Kot indikator razvoja finančnih trgov so uporabljeni delež tržne kapitalizacije v BDP, delež borznega prometa v BDP, delež borznega prometa v tržni kapitalizaciji in volatilnost cen delnic. Ugotavljamo, da v obravnavanem obdobju razvoj finančnih trgov vpliva na gospodarski razvoj, vendar vpliv indikatorjev razvoja finančnih trgov z vidika statistične značilnosti ni povsem konsistenten. Za večino obdobja je statistično značilen in pozitiven le delež borznega prometa v BDP, medtem ko so ostali indikatorji značilni le v nekaterih letih, hkrati pa so njihovi predznaki v nasprotju s teorijo in ugotovitvami preteklih raziskav. Odstopanja rezultatov od teorije in ugotovitev preteklih raziskav bi lahko bila posledica vzorca.

Keywords

gospodarski razvoj;finančni trg;ekonometrična analiza;metoda najmanjših kvadratov;

Data

Language:	Slovenian
Year of publishing:	2021
Typology:	2.09 - Master's Thesis
Organization:	UM EPF - Faculty of Economics and Business
Publisher:	A. Skaza
UDC:	330.34:336.76
COBISS:	90113795
Views:	206
Downloads:	40
Average score:	0 (0 votes)
Metadata:

Other data

Secondary language:	English
Secondary title:	Financial markets as factor of economic development
Secondary abstract:	In the master thesis we are building on existing research that links development of financial markets and economic development. We research the impact of development of financial markets on economic developent over time period, with method of least squares on sample of 40 countrys for time period from 2001 to 2016. We use the following indicators of financial market development: stock market capitalisation to GDP, stock market turnover ratio, stock market total value traded to GDP and stock price volatility. We conclude that development of financial markets impacts economic developments, but chosen indicators of development of financial markets are not consistently statisticly significant over the covered time period. Only variable that is statisticaly significant and positive for most of the time period is stock market total value traded to GDP. On the other hand other indicators are statisticaly significant only in some years with impact being opposite to existing theoretical and empirical literature. Deviations from existing theoretical and empirical literature could be result of the sample.
Secondary keywords:	economic development;development of financial markets;econometric analysis;
Type (COBISS):	Master's thesis/paper
Thesis comment:	Univ. v Mariboru, Ekonomsko-poslovna fak.
Pages:	III, 96 str., 55 str. pril.
ID:	13301414