La relación entre crecimiento económico y el mercado bursatil
The Relationship between Economic Growth and Stock Market
Abstract (en)
This work aims to show the possible relationship between technical progress which is the largest source of growth in world economies and stock market fluctuations, because normally, when stock markets are in crisis, this crisis is transmitted to the real sector of economies. To show this relationship, we take the calculation of the technical progress made by Bernal (2010) which is alternative to the Solow method and related to the stock market variables as indices of the stock exchanges. We conclude that there is a relationship between the behavior of real economic activity and stock market behavior, more precisely, it is possible to establish a clear relationship between the stock market and technical progress.Abstract (es)
Este trabajo pretende mostrar la posible relación existente entre el progreso técnico, que es la mayor fuente de crecimiento de las economías del mundo, y las variaciones del mercado bursátil, porque normalmente, cuando los mercados bursátiles entran en crisis, se transmite al sector real de las economías. Para mostrar esta relación, se toma el cálculo del progreso técnico realizado por Bernal (2010) que es alternativo al método de Solow y se relacionará con algunas variables del mercado bursátil como los índices de las bolsas de valores. Se concluye que existe una relación entre el comportamiento de la actividad económica real y el comportamiento del mercado bursátil, más exactamente, es posible establecer una relación clara entre el mercado bursátil y el progreso técnico.
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