Impact of stock market liquidity on economic growth: Evidence from BRICS countries

Vivian Cruz Castañeda; Samuel Mongrut; Roberto Castillo Dieguez; Pilar Alvarez Franco

doi:10.36105/theanahuacjour.2025v25n2.2872

Impact of stock market liquidity on economic growth: Evidence from BRICS countries

Título traducido de la contribución: El impacto de la liquidez del mercado bursátil en el crecimiento económico: Evidencia de los países BRICS

Vivian Cruz Castañeda
, Samuel Mongrut
, Roberto Castillo Dieguez
, Pilar Alvarez Franco

Producción científica: Contribución a una revista › Artículo de revista › revisión exhaustiva

Resumen

Este artículo analiza la relación entre la liquidez bursátil y el crecimiento económico en cinco países emer-gentes: Brasil, Rusia, India, China y Sudáfrica, conocidos como BRICS desde 2017. Mediante un modelo dinámico de datos de panel, observamos que las variables asociadas a la liquidez bursátil contienen información clave sobre la economía real. Nuestros resultados son robustos incluso después de controlar las covariables macroeconómicas que afectan al mercado bursátil y al crecimiento económico. Presenta-mos evidencia de que la liquidez bursátil contiene información sólida y robusta sobre la situación econó-mica de los BRICS durante el período 2010-2017. Nuestro estudio destaca que la liquidez bursátil contiene noticias prospectivas e información sobre el estado futuro del crecimiento económico.

Título traducido de la contribución	El impacto de la liquidez del mercado bursátil en el crecimiento económico: Evidencia de los países BRICS
Idioma original	Inglés
Número de páginas	18
Publicación	The Anáhuac Journal
Volumen	25
N.º	2
DOI	https://doi.org/10.36105/theanahuacjour.2025v25n2.2872
Estado	Publicada - 2025

ODS de las Naciones Unidas

Este resultado contribuye a los siguientes Objetivos de Desarrollo Sostenible

ODS 8: Trabajo decente y crecimiento económico
ODS 17: Alianzas para lograr los objetivos

Palabras clave

BRICS
Liquidez
Crecimiento económico
Mercado bursátil

Acceder al documento

10.36105/theanahuacjour.2025v25n2.2872Licencia: CC BY-NC-SA

Otros archivos y enlaces

https://www.mendeley.com/catalogue/0c09849f-64e3-31d0-a5fb-9b71cb4b4dc4/

Citar esto

@article{ea1f78174f834fe28b0b21cf46feac59,

title = "Impact of stock market liquidity on economic growth: Evidence from BRICS countries",

abstract = "This paper examines the relationship between stock market liquidity and economic growth in five emerging countries: Brazil, Russia, India, China, and South Africa, collectively referred to as the BRICS as of 2017. Using a dynamic panel data model, we find that proxies for stock market liquidity contain leading information about the real economy. Our results are robust even after controlling for macroeconomic covariates that affect both stock market and economic growth. We provide evidence that stock market liquidity contains strong and reliable information about the economic condition of BRICS during the period 2010-2017. Our study sheds light on the fact that stock market liquidity contains prospective news and information about the future state of economic growth",

keywords = "BRICS, Liquidez, Crecimiento econ{\'o}mico, Mercado burs{\'a}til, BRICS, Liquidity, Economic growth,, Stock market",

author = "\{Cruz Casta{\~n}eda\}, Vivian and Samuel Mongrut and \{Castillo Dieguez\}, Roberto and \{Alvarez Franco\}, Pilar",

year = "2025",

doi = "10.36105/theanahuacjour.2025v25n2.2872",

language = "English",

volume = "25",

number = "2",

}

TY - JOUR

T1 - Impact of stock market liquidity on economic growth

T2 - Evidence from BRICS countries

AU - Cruz Castañeda, Vivian

AU - Mongrut, Samuel

AU - Castillo Dieguez, Roberto

AU - Alvarez Franco, Pilar

PY - 2025

Y1 - 2025

N2 - This paper examines the relationship between stock market liquidity and economic growth in five emerging countries: Brazil, Russia, India, China, and South Africa, collectively referred to as the BRICS as of 2017. Using a dynamic panel data model, we find that proxies for stock market liquidity contain leading information about the real economy. Our results are robust even after controlling for macroeconomic covariates that affect both stock market and economic growth. We provide evidence that stock market liquidity contains strong and reliable information about the economic condition of BRICS during the period 2010-2017. Our study sheds light on the fact that stock market liquidity contains prospective news and information about the future state of economic growth

AB - This paper examines the relationship between stock market liquidity and economic growth in five emerging countries: Brazil, Russia, India, China, and South Africa, collectively referred to as the BRICS as of 2017. Using a dynamic panel data model, we find that proxies for stock market liquidity contain leading information about the real economy. Our results are robust even after controlling for macroeconomic covariates that affect both stock market and economic growth. We provide evidence that stock market liquidity contains strong and reliable information about the economic condition of BRICS during the period 2010-2017. Our study sheds light on the fact that stock market liquidity contains prospective news and information about the future state of economic growth

KW - BRICS

KW - Liquidez

KW - Crecimiento económico

KW - Mercado bursátil

KW - BRICS

KW - Liquidity

KW - Economic growth,

KW - Stock market

UR - https://www.mendeley.com/catalogue/0c09849f-64e3-31d0-a5fb-9b71cb4b4dc4/

U2 - 10.36105/theanahuacjour.2025v25n2.2872

DO - 10.36105/theanahuacjour.2025v25n2.2872

M3 - Article in a journal

SN - 1405-8448

VL - 25

JO - The Anáhuac Journal

JF - The Anáhuac Journal

IS - 2

ER -

Impact of stock market liquidity on economic growth: Evidence from BRICS countries

Resumen

ODS de las Naciones Unidas

Palabras clave

Acceder al documento

Otros archivos y enlaces

Huella

Citar esto