stdClass Object
(
    [id] => 15412
    [paper_index] => 202503-10-020690
    [title] => MARKET CAPITALIZATION IN THE US- LESSONS FOR EMERGING ECONOMIES
    [description] => 
    [author] => Nahabwe Patrick Kagambo John, Kagarura Willy Rwamparagi
    [googlescholar] => 
    [doi] => 
    [year] => 2025
    [month] => March
    [volume] => 11
    [issue] => 3
    [file] => fm/jpanel/upload/2025/March/202503-10-020690.pdf
    [abstract] => This study examines trends in market capitalization of listed domestic companies in the United States from 1975 to 2022 using an autoregressive integrated moving average (ARIMA) modeling approach. Time-series data sourced from the World Bank employs market capitalization of listed domestic companies (% of GDP) as the dependent variable, with autoregressive (AR) and moving average (MA) components as independent variables. Parameter estimation through conditional least squares (CLS) reveals a negative and statistically significant MA(5) coefficient (-0.844272), indicating that approximately 84.4% of past shocks persistently affect market capitalization. Projections based on ARIMA(1,1,5) model suggest a sustained average annual increase in market capitalization from 180.3% in 2023 to 230.3% by 2045. The findings highlight the importance of stable financial markets, effective regulatory frameworks, and capital market depth in driving market capitalization growth. Emerging economies are encouraged to adopt similar market-strengthening strategies to enhance their capital market performance and overall economic stability.
    [keywords] => Arima Modeling, Market Capitalization, Us
    [doj] => 2025-03-27
    [hit] => 
    [status] => 
    [award_status] => P
    [orderr] => 7
    [journal_id] => 10
    [googlesearch_link] => 
    [edit_on] => 
    [is_status] => 1
    [journalname] => International Journal of Global Economic Light (JGEL)
    [short_code] => IJEP
    [eissn] => 2250-2017
    [pissn] => 
    [home_page_wrapper] => images/products_image/7.JGEL.png
)
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