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Issue 5(1), October 2010 -- Paper Abstracts
Girard  (p. 9-22)
Cooper (p. 23-32)
Kunz-Osborne (p. 33-41)
Coulmas-Law (p.42-46)
Stasio (p. 47-56)
Albert-Valette-Florence (p.57-63)
Zhang-Rauch (p. 64-70)
Alam-Yasin (p. 71-78)
Mattare-Monahan-Shah (p. 79-94)
Nonis-Hudson-Hunt (p. 95-106) 



JOURNAL OF APPLIED BUSINESS AND ECONOMICS


Stock Market & the Economy: Evidence from Philippines


Author(s): D Dulani Jayasuriya

Citation: D Dulani Jayasuriya, (2018) "Stock Market & the Economy: Evidence from Philippines," Journal of Applied Business and Economics, Vol. 20, Iss.2,  pp. 48-58

Article Type: Research paper

Publisher: North American Business Press

Abstract:

This study reviews prior literature on the relationship between the stock market and the economy and
conducts a simple analysis on the same empirically for Philippines. The study utilizes quarterly data from 2003 to 2015. Results show that increases in past quarter real GDP growth causes a 0.56 increase in the present quarter real GDP growth. In addition, increases in past quarter PSI index returns cause a 0.04 increase in real GDP growth in the present quarter. Moreover, the study identifies an inflation-GDP growth puzzle for Philippines. Results support the permanent income and the financial accelerator views.