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Autor
Upadhyaya Kamal P. (University of New Haven West Haven, USA), Nag Raja (New York Institute of Technology, USA), Mixon Jr. Franklin G. (Columbus State University, USA)
Tytuł
Stock Market Prices and the Macroeconomics of Emerging Economies : the Case of India
Źródło
Dynamic Econometric Models, 2018, vol. 18, s. 35-47, tab., bibliogr. 28 poz.
Słowa kluczowe
Przyczynowość, Dynamika gospodarki, Wzrost gospodarczy, Dane panelowe
Causality, Economy dynamics, Economic growth, Panel data
Uwagi
Klasyfikacja JEL: E00, E44
summ.
Kraj/Region
Indie
India
Abstrakt
This paper investigates the relationship between stock market capitalization (stock prices) and selected macroeconomic variables in India. The empirical results suggest that, in the long run, output growth and exchange rate are positively related to stock prices, while money supply exhibits a negative relationship to stock market capitalization. In the short run most of the variation in the stock market is captured by its own innovation, although the exchange rate, the price level and the interest rate seem to have some effect on the short-run stock capitalization. (original abstract)
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Biblioteka Szkoły Głównej Handlowej w Warszawie
Pełny tekst
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Bibliografia
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Cytowane przez
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ISSN
1234-3862
Język
eng
URI / DOI
http://dx.doi.org/10.12775/DEM.2018.002
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