Fiscal Policy and Capital Market Performance: Evidence from EU Countries from Central and Eastern Europe
Journal Title: International Journal of Academic Research in Accounting, Finance and Management Sciences - Year 2016, Vol 6, Issue 2
Abstract
The aim of this paper is to analyze the relationship between fiscal policy and capital market performance in 6 European Union (EU) countries from Central and Eastern Europe, for period 2004 – 2015. In order to understand very well the relationship between the analyzed indicators, we searched in both directions: the effects of fiscal policy on capital market performance and also the effects of capital market performance on fiscal policy. For Czech Republic and Slovakia we found that there is a bilateral relationship between fiscal policy and capital market performance. In Bulgaria we found that the fiscal policy affects the capital market return, while in Poland we obtain that the capital market return affects the fiscal policy. For the other 2 countries, Hungary and Romania, we didn’t find any significant influence between the variables.
Authors and Affiliations
Gabriela-Victoria Anghelache, Stela Jakova, Dumitru-Cristian Oanea
Keywords
Related Articles
- EP ID EP95950
- DOI 10.6007/IJARAFMS/v6-i2/2037
- Views 112
- Downloads 0
Impact of Foreign Direct Investment on Nigerian Capital Market Development
The Precursor for Enhanced Rate of Individual Socio-Empowerment in a Funded Youth Group. Is it Access to Credit or Group Support System?
The unemployment and poverty has remained to be a major challenge in the world despite heavy investment directed towards youth and women empowerment initiatives. In doing so most Government and international organization...
The Role of Mining in National Economies
Investigation and identification of Factors Affecting Reduction of the Motive of Keshavarzi Bank Employees in Tehran Province Branches
Growth and Technology: The new economy in the 2000'S CEE countries and Romania
We use a concept of the new economy based on ICT and the inherent internal capacity to change the production patterns of producers. Thus, our results indicate that ICT is the main growth contributor (catching-up) of the...