Open AccessThis article is
- freely available
New Evidence on the Information and Predictive Content of the Baltic Dry Index
Department of Banking and Financial Management, University of Piraeus, 80 Karaoli & Dimitriou, Piraeus 18534, Greece
Department of Economics and Finance, University of New Orleans, 2000 Lakeshore Drive, New Orleans, LA 70148, USA
* Author to whom correspondence should be addressed.
Received: 13 May 2013; in revised form: 15 July 2013 / Accepted: 16 July 2013 / Published: 24 July 2013
Abstract: This empirical study analyzes the information and predictive content of the Baltic Dry Index (BDI) with respect to a range of financial assets and the macroeconomy. By using panel methodological approaches and daily data spanning the period 1985–2012, the empirical analysis documents the joint predictability capacity of the BDI for both financial assets and industrial production. The results reveal the role of the BDI in predicting the future course of the real economy, yielding a link between financial asset markets and the macroeconomy.
Keywords: Baltic Dry Index; asset markets; macroeconomy; panel data
Article StatisticsClick here to load and display the download statistics.
Notes: Multiple requests from the same IP address are counted as one view.
Cite This Article
MDPI and ACS Style
Apergis, N.; Payne, J.E. New Evidence on the Information and Predictive Content of the Baltic Dry Index. Int. J. Financial Stud. 2013, 1, 62-80.
Apergis N, Payne JE. New Evidence on the Information and Predictive Content of the Baltic Dry Index. International Journal of Financial Studies. 2013; 1(3):62-80.
Apergis, Nicholas; Payne, James E. 2013. "New Evidence on the Information and Predictive Content of the Baltic Dry Index." Int. J. Financial Stud. 1, no. 3: 62-80.