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economic growthstock marketmarket capitalizationcentral easterneastern europeaneuropean countrieseastern europecapitalization causecause gdpgdp causalitycausality studystudy centralmarket economicrelationship financialrelationship stockreal gdpgdp centralcountries ceecsceecs joinedjoined europeaneuropean unionunion objectiveobjective determiningmarkets playedplayed roleeconomic developmentdevelopment countriescountries vicevice versaversa methodologyusing cointegratedcointegrated vectorvector autoregressivebased applicationapplication differentdifferent measuresmeasures causalitygranger causalitycausality testtest todatoda yamamotoyamamoto approachapproach frequencyfrequency domaindomain approachapproach resultsresults obtainedobtained suggestsuggest evidencerelationship directionssignificant number
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