Stock Market Performance and the Economic Growth of the Philippines ( 1990 - 2011 )

Jerome Sobrecarey; Willam Sucuahi; Adrian Tamayo

doi:10.12816/0019685

Article Details

Stock Market Performance and the Economic Growth of the Philippines ( 1990 - 2011 )

Authors:

Jerome Sobrecarey | Willam Sucuahi | Adrian Tamayo

Publisher:

National Library Singapore

Main Topics:

Economics and Finance

Journal:

Singaporean Journal of Business, Economics and Management Studies 2015 Vol.4 Issue 9, pp.51-60

Document Type:

Article

Publication Date:

12/2015

Document Language:

English

Document ID (Org No.):

76475

Frequency:

Monthly

pISSN:

23013621

DOI:

10.12816/0019685

Descriptors:

Abstract:

 The stock market is seen as the most exciting and promising indicator of the economic growth of acountry. However, there have been the growing concerns and controversies about the role of thestock markets on economic growth and development. Also, studies on this topic show that there aremany potential effects of the stock market on economic growth. This study specifically examinesthe relationship between the stock market performance and the economic growth of the Philippines.The study used secondary data which will be collected from the Annual Report of the PhilippinesStock Exchange Index (PSEi); Security and Exchange Commission (SEC). The Granger Causalityhas been carried out following the Augmented Dickey-Fuller test for it is relevant to time seriesvariables and in order to assess whether there is any potential predictability power of one indicatorfor the other. This study employed gross domestic (GDP) as the dependent variable; the independentvariables include Market Capitalization (MC) and total Value of Shares traded (VST). The studyshows that the Market Capitalization has no relationship with GDP and likewise, it also revealedthat the Value of Shares traded has no relationship with GDP.

Article Details

Stock Market Performance and the Economic Growth of the Philippines ( 1990 - 2011 )

Authors:

Jerome Sobrecarey | Willam Sucuahi | Adrian Tamayo

Publisher:

National Library Singapore

Main Topics:

Economics and Finance

Journal:

Singaporean Journal of Business, Economics and Management Studies 2015 Vol.4 Issue 9, pp.51-60

Document Type:

Article

Publication Date:

12/2015

Document Language:

English

Document ID (Org No.):

76475

Frequency:

Monthly

pISSN:

23013621

DOI:

10.12816/0019685

Descriptors:

FINANCIAL MARKET

CAPITALISM

ECONOMIC PERFORMANCE

ECONOMIC GROWTH

PHILIPPINES

Issues

Article Details

Stock Market Performance and the Economic Growth of the Philippines ( 1990 - 2011 )

Authors: Jerome Sobrecarey | Willam Sucuahi | Adrian Tamayo

Publisher: National Library Singapore

Main Topics: Economics and Finance

Journal: Singaporean Journal of Business, Economics and Management Studies 2015 Vol.4 Issue 9, pp.51-60

Document Type: Article

Publication Date: 12/2015

Document Language: English

Document ID (Org No.): 76475

Frequency: Monthly

pISSN: 23013621

DOI: 10.12816/0019685

Descriptors:

FINANCIAL MARKET

CAPITALISM

ECONOMIC PERFORMANCE

ECONOMIC GROWTH

PHILIPPINES

Issues

Authors:

Jerome Sobrecarey | Willam Sucuahi | Adrian Tamayo

Publisher:

National Library Singapore

Main Topics:

Economics and Finance

Journal:

Singaporean Journal of Business, Economics and Management Studies 2015 Vol.4 Issue 9, pp.51-60

Document Type:

Article

Publication Date:

12/2015

Document Language:

English

Document ID (Org No.):

76475

Frequency:

Monthly

pISSN:

23013621

DOI:

10.12816/0019685