Estimation of Investment Perspectives in the Baltic Stock Market

2015 ◽  
Author(s):  
Jurgita Plevokaitė ◽  
Raimonda Martinkutė-Kaulienė
Keyword(s):  
Correlation Analysis ◽  
Stock Market ◽  
Economic Analysis ◽  
Baltic Countries ◽  
Stock Indices ◽  
Macroeconomic Indicators ◽  
The Baltic ◽  
Near Future ◽  
The Relationship

Short analysis of stock market and stock indices of Baltic countries is presented in the article. Theoretical aspects of importance of fundamental economic analysis, presented by Lithuanian and foreign authors for investigation of investment market is analysed and presented in the research. Research of correlation analysis and stochastic dependence test between chosen stock indices and macroeconomic indicators of Baltic countries is fulfilled. After analysis of the 2004–2013 year period statistics, the relationship between macroeconomic indicators and stock indices in the long term is established. After evaluating the results of the research, macroeconomic indicators, mostly influencing the changes in Baltic stock markets are picked out and their influence on stock indices is described. Investment perspectives in the Baltic stock market are estimated in the near future using macroeconomic forecastings of every country.

scholarly journals EXPLORATION OF HEALTHY AGEING DETERMINANTS IN BALTIC STATES

2021 ◽  
Vol 4 ◽  
pp. 414-427
Author(s):  
Madara Miķelsone ◽  
Diāna Baltmane ◽  
Ieva Reine ◽  
Sigita Sniķere ◽  
Andrejs Ivanovs ◽  
...  
Keyword(s):  
Functional Ability ◽  
Healthy Ageing ◽  
Older Individuals ◽  
Baltic States ◽  
Psychological Determinants ◽  
Baltic Countries ◽  
Preventive Actions ◽  
Intrinsic Capacity ◽  
The Baltic

According to the WHO, healthy ageing is characterized by such interrelated determinants as intrinsic capacity, functional ability and environment. An individual's intrinsic capacity is a powerful predictor of the future ageing process and includes 5 areas - cognitive, psychological, sensory, locomotion and vitality. Exploration of these areas can provide necessary information for therapeutic and preventive actions that can be tailored to an individual's needs, priorities and values to support participation and quality of life. The objective of this study was to evaluate and compare healthy ageing determinants of older individuals in the Baltic States. The research was based on the sample of older individuals (50 years and older) from wave 8 of the Survey of Health, Ageing and Retirement in Europe (SHARE) during the period from November 2019 to March 2020. The obtained results indicate a low level/poor results in such determinants as locomotion, sensory, vitality and functional ability (more than 50% of the respondents among the Baltic countries has poor health, various long-term illnesses, limitations in daily activities, suffer from moderate or severe pain, requires help to meet daily needs, etc.), has various behavioral risks, however has higher assessment of cognitive and psychological determinants.

scholarly journals Determinants of Capital Structure in Bahrain Stock Market

2016 ◽  
Vol 3 (2) ◽  
pp. 177
Author(s):  
Abdelrhman Ahmad Meero
Keyword(s):  
Regression Analysis ◽  
Correlation Analysis ◽  
Stock Market ◽  
Capital Structure ◽  
Linear Model ◽  
Significant Relationship ◽  
Correlation And Regression Analysis ◽  
Dependent Variables ◽  
The Relationship ◽  
Industrial Investment

The aim of this paper is to examine the determinants of capital structure (profitability, size, risk and growth). The sample is composed of 39 Bahraini firms listed in Bahrain Stock Market. The study covered the period 2011-2015. Correlation and regression analysis have been used to identify the relationship between the capital structure determinants and debt leverages (book leverage and market leverage). Correlation analysis aims to identify this relationship at market level and at sectorial level. Regression analysis objective is to anticipate the models characterizing the relationships between determinants and capital leverages. Results of the analysis shows negative significant relationship between profitability and dependent variables, with more significance relationship with market leverage. This relationship is demonstrated in market level and in insurance and services sectors between profitability and book leverage. When the market leverage is the dependent variable this relationship is valid in market level and in banking, hotels, insurance and services sectors. Positive significant relationship has been found between size and both leverages in market level. Similar result is detected on sectorial level in banking, industrial, investment and services when the dependent variable is book leverage. Size-market leverage relationship is positive and significant also in insurance, investment and services sectors. The relationship risk—book leverage is significant only on sectorial level in Industrial, insurance and investment sectors. In term of market leverage—risk relationship, significant relationship is detected in market level and in investment and services sectors. Regression analysis results present a significant linear model reflecting the relationship between determinants of capital structure and leverages.

scholarly journals CHANGING PERIPHERY OF THE BALTIC CITIES: LITHUANIAN CASE

2015 ◽  
Vol 39 (1) ◽  
pp. 56-69 ◽  
Author(s):  
Matas Cirtautas
Keyword(s):  
Urban Development ◽  
Local Governments ◽  
Urban Policy ◽  
Coordinated Development ◽  
Policy Makers ◽  
Suburban Areas ◽  
Baltic Countries ◽  
Development Processes ◽  
The Baltic

Urban sprawl is one of the dominant types of urban development in the world. Although outer growth started from the outset of cities, urban researchers, planners and policy makers are highly concerned about its current extent. Recent development of the Baltic cities and especially trends of their suburban growth have been analysed only partly, because of the relative novelty of the phenomenon and well-established dominance of western cities in the field. This paper attempts to fill this gap and presents a research on conditions and consequences of extensive development of Lithuanian cities. Evidences from the recent growth of the Baltic cities show that decline and sprawl take place simultaneously in major urban regions with possible long-term consequences on their spatial structure. Therefore, this article advocates a need to revise urban policy in the Baltic countries and promote coordinated development of urban and suburban areas in the context of prevailing negative demographic trends and limited capacity of central and local governments to interfere in urban development processes.

scholarly journals Investigation of Stock Market Integration in the Baltic Countries

2016 ◽  
Vol 28 (1) ◽  
pp. 38-44 ◽  
Author(s):  
Vilma Deltuvaitė
Keyword(s):  
Stock Market ◽  
Regional Integration ◽  
Stock Markets ◽  
Market Integration ◽  
Scientific Literature ◽  
Rapid Development ◽  
Response Analysis ◽  
Stock Market Integration ◽  
Baltic Countries ◽  
The Baltic

Abstract Recent rapid development of the Baltic stock markets raises the question about stock market integration level in these countries. Some empirical aspects of the Baltic stock market integration have been analysed in the scientific literature, however, a comprehensive analysis on the Baltic stock market integration level is still missing. The aim of the paper is to assess the regional integration level of the Baltic stock markets. The research object is stock markets in the Baltic countries. The following research and statistical methods have been applied in this study: the systemic and comparative analysis of the scientific literature, Spearman’s correlation coefficient, dynamic conditional correlation generalized autoregressive conditional heteroskedasticity model, Granger causality test, generalized impulse response analysis, Johansen cointegration test, autoregressive distributed lag model and error correction model. The main findings of this empirical study are (a) all three Baltic stock markets are closely related markets, (b) however, the Latvian stock market is more isolated at the regional level comparing to other two Baltic stock markets (c) whereas Estonian and Lithuanian stock markets are more interrelated.

scholarly journals Results of the Post-Soviet Transformation of Higher Education

2020 ◽  
pp. 132-141
Author(s):  
Elena Vodopianova ◽  
Keyword(s):  
Higher Education ◽  
Structural Changes ◽  
Baltic Countries ◽  
Thirtieth Anniversary ◽  
Organizational Orientation ◽  
The Baltic ◽  
Post Industrial ◽  
Former Ussr ◽  
Near Future

The article uses the socio-cultural methodology and comparative studies to examine the results of the transformation of national higher school systems in the former USSR on the eve of the post-Soviet thirtieth anniversary. It is established that over the past decades of the post–Soviet transformation, the higher school of 15 States of the former USSR has gone through two main stages: the first was primarily a stage of structural changes, and the second was integration into the European higher education space. A classification of the realities of organizational orientation of higher education systems is proposed, dividing them into westernized (the Baltic countries, Ukraine, Georgia, Moldova, Azerbaijan, Uzbekistan, Kyrgyzstan), systems with specific educational balances (Russia, Kazakhstan, Belarus, Armenia), and outsider countries (Turkmenistan, Tajikistan). It is shown that during this period unique cases of transformation of national higher schools emerged. They evolved from divergence in the direction of convergence through E-education and global unification. The purpose of the study was to show that in the near future post-Soviet structures of higher education will have to respond primarily to universal post-industrial challenges based on the identification of stages of higher education evolution.

scholarly journals The relationship between macroeconomic factors and stock market volatility: empirical evidence from the Vietnam stock market

2013 ◽  
Vol 16 (3) ◽  
pp. 86-100
Author(s):  
Kieu Minh Nguyen ◽  
Diep Van Nguyen
Keyword(s):  
Exchange Rate ◽  
Stock Market ◽  
Money Supply ◽  
Stock Price ◽  
Price Index ◽  
Macroeconomic Factors ◽  
Stock Price Index ◽  
The Exchange Rate ◽  
The Relationship

The main target of this study is to measure the relationship of macroeconomic factors to the volatility of the stock market in Vietnam (through stock price VN-index). There are four factors including the consumer price index (measure of inflation), the exchange rate of USD/VND and money supply M2. Research shows that the stock price VN-Index has a positive relationship with the money supply M2 and the domestic gold price in long term. On the contrary, it has a negative relationship with the inflation while it does not have any connection to the exchange rate and stock price index. In short term, the current stock price index has proportional to the stock price index last month and inversely proportional to the exchange rate. The estimated speed of adjustment indicates that the Vietnam stock market converges to the equilibrium about 8 months (adjusted approximately 13.04% per month) to reach equilibrium in the long term.

Linkages between India and three ASEAN Stock Markets: A Co-integration Approach

2015 ◽  
Vol 4 (1) ◽  
Author(s):  
Giridhari Singh Rajkumar
Keyword(s):  
Stock Market ◽  
Stock Markets ◽  
Short Term ◽  
Term Relation ◽  
Integration Test ◽  
Asean Countries ◽  
Indian Stock Market ◽  
The Relationship ◽  
Investment Choices

Today, an investor has an array of investment choices including the opportunities to approach overseas market which were unavailable a few decades ago. In literature, the integration of stock markets has been widely discussed and analyzed. This paper examines the relationship between Indian stock market and the three stock markets of the ASEAN countries viz. Indonesia, Malaysia, and Singapore. Using the daily closing prices of the indices over a period of ten years i.e. 2004 to 2014, the study examined the inter-linkages of Indian stock market with the three markets. The Granger-causality and co-integration test were used to check the causal relationship. The study found that there is a significant short-term unidirectional influenced from the Indian stock market to the three ASEAN countries stock markets while no long-term relation (no co-integration) are found between the Indian equity market with that of three ASEAN countries viz. Indonesia, Malaysia, and Singapore equity markets.

How Is the Crisis Affecting the Competitiveness of Countries?

2014 ◽  
pp. 149-183
Author(s):  
Anna Matysek-Jędrych
Keyword(s):  
Fiscal Policy ◽  
Crisis Management ◽  
Economic Crisis ◽  
International Competitiveness ◽  
Management Policy ◽  
Economic Downturn ◽  
Baltic Countries ◽  
And Performance ◽  
The Baltic

The chapter focuses on the relation between the economic crisis and competitiveness on a national and regional dimension. The Baltic countries (Estonia, Latvia, and Lithuania) have experienced one of the biggest GDP contractions during the Global Crisis so far. Hence, identifying and assessing changes in the relative competitiveness as a consequence of the economic downturn has sparked many interests. The international competitiveness and economic crisis intermingle with one another. The international cases selected for the purpose of this research (Estonia, Latvia, and Lithuania) were to demonstrate clear and unquestionable evidence that crisis affects the international competitiveness of countries. One may believe that such a deep and painful financial and economic crisis as the current one—in the case of the Baltics—has to leave some permanent and explicit traces on a country's competitiveness. Thus, the results of this research may surprise a little. It may be generally concluded that a short-term crisis, even if severe, does not have a negative long-term influence on the international competitiveness as long as a proper anti-crisis policy is implemented. Sharing a number of structural, institutional, and performance features caused the crisis to undermine the competitiveness of the Baltic States in a similar manner (through macroeconomic stability channel). This in turn caused the applying of an analogue crisis management policy with the fundamental tool of fiscal policy tightening by an increased downward flexibility of wages and prices.

scholarly journals Labor Share in National Income: Implications in the Baltic Countries

2017 ◽  
Vol 17 (2) ◽  
pp. 121-139
Author(s):  
Aušra Razgūnė ◽  
Romas Lazutka
Keyword(s):  
Government Spending ◽  
Time Series Data ◽  
Trade Openness ◽  
National Income ◽  
Series Data ◽  
Correction Model ◽  
Labor Share ◽  
Baltic Countries ◽  
The Baltic

Abstract Despite the fact that stability of labor share in national income is a key foundation in macroeconomic models, scientists acknowledge, that in the last three decades it has been declining around the world. The Baltic countries are not an exception; they follow similar patters to large economies, thus the research aims at determining economic factors at play. With the help of error correction model and time series data covering the past twenty years, we determine factors which contribute to the decline of labor share in the Baltic countries. We find significant long-term relationships between labor share and government spending, trade openness, and emigration. Government spending exhibits the highest contribution to variance of labor share in Lithuania, which also explains a large part of Latvia’s labor share variations. We find many similarities between the analyzed countries, however some differences are also visible.

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