Title :
The influence of Russian capital market on economic growth: An empirical test based on Grey Incidence analysis
Author :
Li, Diao ; Yang, Wang
Author_Institution :
Economics and Management School, Wuhan, University, Wuhan, China
Abstract :
This paper uses the Grey Incidence Degree methods in Grey System, makes a empirical analysis about Russian capital markets and economic growth during the period 1999–2007, and the result is Futures market´s futures trading volume and mutual funds turnover have a highest incidence degree with economic growth, combined with Russian´s economic growth, reveals the vulnerability of the Russian capital market development, then give proposals to perfect the capital market that could withstand the financial crisis: fight for energy commodities pricing power and strengthening interregional especially China´s cooperation on capital market.
Keywords :
Analytical models; Correlation; Economic indicators; Mutual funds; Security; Stock markets; Degree of grey incidence; Economic growth; Empirical test; Grey system; Reference to China; Russian capital markets;
Conference_Titel :
E -Business and E -Government (ICEE), 2011 International Conference on
Conference_Location :
Shanghai, China
Print_ISBN :
978-1-4244-8691-5
DOI :
10.1109/ICEBEG.2011.5881866
