Int. J. Financial Stud. 2013, 1(3), 62-80; doi:10.3390/ijfs1030062
Article

New Evidence on the Information and Predictive Content of the Baltic Dry Index

1 Department of Banking and Financial Management, University of Piraeus, 80 Karaoli & Dimitriou, Piraeus 18534, Greece 2 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
(This article belongs to the Special Issue Recent Developments in Finance and Banking after the 2008 Crisis)
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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

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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.

AMA Style

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.

Chicago/Turabian Style

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.

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