publication . Doctoral thesis . 2011

Essays on predictability of emerging markets growth and financial performance

Banegas, Maria Ayelen;
Open Access
  • Published: 01 Jan 2011
  • Publisher: eScholarship, University of California
  • Country: Mexico
This dissertation seeks to better understand the underlying factors driving financial performance and economic activity in international markets. The first chapter "Predictability of Growth in Emerging Markets: Information in Financial Aggregates" tests for predictability of output growth in a panel of twenty-two emerging market economies. I use pooled panel data methods that control for endogeneity and persistence in the predictor variables to test the predictive power of a large set of financial aggregates including valuation measures, interest rates, and capital flows. I find empirical evidence that stock returns, portfolio investment flows, the term spread a...
free text keywords: UCSD Dissertations, Academic Economics. (Discipline), Developing countries Econometric models International business enterprises, Developing countries Econometric models International business enterprises Finance, Developing countries Industrial productivity Econometric models Forecasting, Developing countries Econometric models Mutual funds, Developing countries Market segmentation Econometric models, Developing countries Economic forecasting Econometric models
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