The impact of the capital market on economic growth in Luxembourg

• Authors: Łukasz Wójtowicz , Rafał Czupryn

Abstracts

EN

In this article, a detailed analysis of the impact of capital markets on economic growth in Luxembourg is presented, utilizing annual economic data. The study spanned from 1975 to 2020. As part of the analysis, an econometric model was constructed and estimated using the GRETL software. The results obtained confirm that the capital market has a statistically significant impact on Luxembourg's economic development. This research provides new insights into the role of capital markets in shaping economic growth dynamics, which is crucial for understanding the economic mechanisms in small, open economies like Luxembourg.

Keywords

EN

GRETL; GARCH; OLS; economic growth; capital market

• Publisher: Instytut Naukowo-Wydawniczy "SPATIUM"
• Journal: Central European Review of Economics & Finance
• Year: 2023
• Volume: 44
• Issue: 3
• Pages: 175-185

Dates

published

2023

Contributors

author

Łukasz Wójtowicz

• Casimir Pulaski Radom University

author

Rafał Czupryn

• Casimir Pulaski Radom University

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Identifiers

DOI

10.24136/ceref.2023.019

Biblioteka Nauki

30116472