文章基本信息

标题：The Relationship between the Factors of Risk in Asset Evaluation Models and Future Economic Growth: Evidence from Three Regional Markets
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作者：José Clemente Jacinto Ferreira ; Ana Paula Matias Gama
期刊名称：Journal of Spatial and Organizational Dynamics
电子版ISSN：2183-1912
出版年度：2020
卷号：8
期号：4
页码：300-319
语种：English
出版社：Research Centre for Spatial and Organizational Dynamics (CIEO)
摘要：This study seeks to ascertain whether the risk factors in the asset evaluation models proposed by Fama and French (1993, 2015) contain information that help in forecasting regional economic growth. To this end, based upon samples of Gross Domestic Product for three regions, North America, Asia Pacific and Europe, covering the period between 1991 and 2018, we applied the quantile regression analysis technique. The empirical results suggest that the performance of regional risk factors contains information that helps in forecasting the regional level of economic growth. This furthermore concludes that the regional risk factors help in forecasting the economic growth of countries with developed and large-scale share markets.