ISSN: 2225-8329
Open access
In this paper we investigate the existence of a correlation between the capital market and the real economy in the case of the European Union using panel type data. Estimates of the panel model for the European Union have shown that the relationship is bidirectional, stronger from the real economy toward the capital market, with noticeable differences between countries.
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Copyright: © 2018 The Author(s)
Published by Human Resource Management Academic Research Society (www.hrmars.com)
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