01730cas a2200241 a 4500 AALejournalIMF007716 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451851274 1018-5941 BD-DhAAL BD-DhAAL Mauro, Paolo. Stock Returns and Output Growth in Emerging and Advanced Economies / Paolo Mauro. Washington, D.C. : International Monetary Fund, 2000. 1 online resource (34 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper studies the correlation between output growth and lagged stock returns in a panel of emerging market economies and advanced economies. It finds that the correlation is as strong in emerging market economies as in advanced economies. Asset prices therefore contain valuable information to forecast output also in emerging market economies. Moreover, the paper finds that the strength of the correlation between output growth and lagged stock returns is significantly related to a number of stock market characteristics, such as the number of listed domestic companies and initial public offerings and, especially, a high market capitalization to GDP ratio and English legal origin. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2000/089 Full text available on IMF http://elibrary.imf.org/view/journals/001/2000/089/001.2000.issue-089-en.xml IMF e-Library