The influence of capital markets on Austria's economic growth

Adam Weinert; Rafał Czupryn

doi:10.24136/ceref.2023.028

Authors

Adam Weinert Poznań University of Economics and Business
Rafał Czupryn Economic School Complex in Radom

DOI:

https://doi.org/10.24136/ceref.2023.028

Keywords:

OLS, GARCH, GRETL, capital market, economic growth

Abstract

This research undertook a comprehensive assessment of how capital market have affected Austria's economic development, scrutinizing data spanning from 1975 to 2020. In pursuit of this objective, the study meticulously constructed an econometric model utilizing the GRETL software, a tool known for its robust analytical capabilities in economic modeling. This model was specifically designed to probe the extent to which the capital market have been a driving force behind Austria's economic progress. Once the model was in place, it was applied to the aforementioned dataset using the GRETL program, allowing for a detailed and nuanced analysis. The results derived from this process were pivotal in establishing a clear and quantifiable understanding of the capital markets' impact on Austria's economic growth trajectory over this extensive period. This comprehensive approach, integrating long-term data analysis with sophisticated econometric modeling, provided valuable insights into the dynamic interplay between capital market fluctuations and national economic performance.

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