Publication:
How macroeconomic variables affect the Puerto Rico’s stock index

dc.contributor.advisor Ruiz-Vargas, Yolanda
dc.contributor.author Cortés-Santiago, Wanda L.
dc.contributor.college College of Business Administration en_US
dc.contributor.committee Cruz Cruz, José A.
dc.contributor.committee Ortiz Rodríguez, Rosario A.
dc.contributor.department Department of Business Administration en_US
dc.contributor.representative Ortiz García, Cecilio
dc.date.accessioned 2018-01-26T17:32:37Z
dc.date.available 2018-01-26T17:32:37Z
dc.date.issued 2011
dc.description.abstract Los efectos de variables macroeconómicas de Puerto Rico y Estados Unidos en el Índice Accionario de Puerto Rico (PRSI) fueron investigados utilizando un modelo de vector de corrección del error (VEC) para el periodo entre enero de 1996 y junio de 2010. El análisis permite determinar que existe una relación positiva y significativa entre el Indicador de Actividad Económica (EAI) de Puerto Rico y el PRSI, mientras que los precios del crudo demostraron una relación negativa y significativa con el Índice. El análisis de impulso respuesta se utilizó para determinar la relación entre las variables analizadas y el PRSI. Basado en este análisis se concluye que aumentos en el Índice de Actividad Económica (EAI), la cantidad de permisos de construcción privados y las exportaciones aumentan el PRSI, mientras que aumentos en la inflación de Puerto Rico y Estados Unidos, la cantidad de quiebras y los precios del crudo disminuyen el PRSI.
dc.description.abstract The effects of macroeconomic variables of Puerto Rico and the United States in the Puerto Rico Stock Index (PRSI) were investigated using a Vector Error Correction model for the period between January 1996 and June 2010. The analysis led to the finding that there is a positive and significant relationship between Puerto Rico’s Economic Activity Index and the PRSI, while crude oil prices showed a negative and significant relation with the Index. The impulse response analysis was employed to determine the type of relationship between all variables and the PRSI. Based on this analysis, we concluded that increases in the Economic Activity Index, the amount of private construction permits, and exports increased the Puerto Rico Stock Index, while increases in levels of inflation (both in Puerto Rico and the United States), the amount of bankruptcies, and crude oil prices decreased the PRSI.
dc.description.graduationSemester Spring en_US
dc.description.graduationYear 2011 en_US
dc.identifier.uri https://hdl.handle.net/20.500.11801/159
dc.language.iso en en_US
dc.rights.holder (c) 2011 Wanda L. Cortés Santiago en_US
dc.rights.license All rights reserved en_US
dc.subject Stock index en_US
dc.subject Stock market en_US
dc.subject Economic growth en_US
dc.subject.lcsh Stock price indexes--Puerto Rico en_US
dc.title How macroeconomic variables affect the Puerto Rico’s stock index en_US
dc.type Thesis en_US
dspace.entity.type Publication
thesis.degree.discipline Finances en_US
thesis.degree.level M.B.A. en_US
Files
Original bundle
Now showing 1 - 1 of 1
Thumbnail Image
Name:
ADEM_CortesSantiagoW_2011.pdf
Size:
2.16 MB
Format:
Adobe Portable Document Format
Description:
License bundle
Now showing 1 - 1 of 1
No Thumbnail Available
Name:
license.txt
Size:
1.64 KB
Format:
Item-specific license agreed upon to submission
Description: