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dc.contributor.advisorRuiz-Vargas, Yolanda
dc.contributor.authorCortés-Santiago, Wanda L.
dc.date.accessioned2018-01-26T17:32:37Z
dc.date.available2018-01-26T17:32:37Z
dc.date.issued2011
dc.identifier.urihttps://hdl.handle.net/20.500.11801/159
dc.description.abstractLos 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.abstractThe 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.language.isoenen_US
dc.subjectStock indexen_US
dc.subjectStock marketen_US
dc.subjectEconomic growthen_US
dc.subject.lcshStock price indexes--Puerto Ricoen_US
dc.titleHow macroeconomic variables affect the Puerto Rico’s stock indexen_US
dc.typeThesisen_US
dc.rights.licenseAll rights reserveden_US
dc.rights.holder(c) 2011 Wanda L. Cortés Santiagoen_US
dc.contributor.committeeCruz Cruz, José A.
dc.contributor.committeeOrtiz Rodríguez, Rosario A.
dc.contributor.representativeOrtiz García, Cecilio
thesis.degree.levelM.B.A.en_US
thesis.degree.disciplineFinancesen_US
dc.contributor.collegeCollege of Business Administrationen_US
dc.contributor.departmentDepartment of Business Administrationen_US
dc.description.graduationSemesterSpringen_US
dc.description.graduationYear2011en_US


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    Items included under this collection are theses, dissertations, and project reports submitted as a requirement for completing a graduate degree at UPR-Mayagüez.

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