Učkar, Dean and Nikolić, Jelena (2008) Macroeconomic influences on Croatian financial market development. In: 27th International Conference on Organizational Science Development – Knowledge for Sustainable Development, University of Maribor, Faculty of Organizational Science, Portorož, Slovenija.
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A vide number of research articles in the past tried to established a connection between country’s financial and economic system. That connection is logical since they arise from each other, and the influence is bi-directional. Since the Republic of Croatia is in the process of accession to the European Union, through this research authors intentions was to determine the influence of certain macroeconomic variables on capital market development. The research was focused especially on capital market, as growing segment of Croatian total financial market, with considerable impact on economic growth. Thereat, the capital market development was approximated through adjusted variables of stock market capitalization and stock market index. With the regression analysis for the period from the year 1998 till 2007, it is determined that GDP, saving rate, investment rate, FDI, credit to private sector, broad money supply M4, value traded and inflation have influence on the movement of above described dependent variables. At the same time, there were found no evidence for turnover ratio, import, export and external debt as portion of GDP, and unemployment rate as important variables for the explanation of theirs movement.
| Tip objekta: | Materijal konferencije ili radionice (Paper) |
|---|---|
| Mentor: | NIJE ODREĐENO |
| Ključni pojmovi: | capital market, development, economic system, macroeconomic variables |
| Teme: | 3 Društvene znanosti > 33 Ekonomija. Ekonomska znanost > 336 Financije. Uključujući: Javne financije. Bankarstvo. Novac > 336.7 Novac. Monetarni sustav. Bankarstvo. Burze > 336.761 Tržište vrijednosnica. Tržište kapitala, dionica i tržišnih vrijednosnica. Burze |
| Odjeli: | Fakultet ekonomije i turizma "Dr. Mijo Mirković" |
| Datum pohrane: | 07 Jan 2014 08:34 |
| Zadnja promjena: | 24 Feb 2014 12:48 |
| URI: | http://eknjiznica.unipu.hr/id/eprint/2821 |
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