Skoči na glavni sadržaj

Izvorni znanstveni članak

https://doi.org/10.1080/1331677X.2015.1022388

Pension reform and capital market development in Central and Eastern European countries

Cosmin Enache
Laura Raisa Miloş
Marius Cristian Miloş


Puni tekst: engleski pdf 445 Kb

str. 75-84

preuzimanja: 619

citiraj


Sažetak

The paper provides new empirical evidence for the connection between pension reform and capital market development using a sample of ten Central and Eastern European countries. Using a single equation Error Correction Model, the results confirm the existence of a strong positive short-term effect, as well as a lower magnitude positive long-term effect of the pension funds’ assets on the market capitalisation.

Ključne riječi

pension reform; stock market; development; CEE; pension funds

Hrčak ID:

171486

URI

https://hrcak.srce.hr/171486

Datum izdavanja:

20.12.2015.

Posjeta: 1.423 *