Theoretical and Applied Economics
No. 3 / 2018 (616), Autumn
Macroeconomic variables and stock prices in emerging economies: A panel analysis
Raghutla CHANDRASHEKAR
Central University of Tamil Nadu, India
P. SAKTHIVEL
Sastra University, Tamil Nadu, India
T. SAMPATH
Telangana University, India
Krishna Reddy CHITTEDI
University of Hyderabad, Telangana, India
Central University of Tamil Nadu, India
P. SAKTHIVEL
Sastra University, Tamil Nadu, India
T. SAMPATH
Telangana University, India
Krishna Reddy CHITTEDI
University of Hyderabad, Telangana, India
Abstract. This study aim to explore the role of the macroeconomic variables and stock prices for emerging economies perspective. Further, the study examines the association between the macroeconomic variable and stock prices across the panel of India and Brazil. The study utilizes monthly data from 2000M1-2016M08. We employ various panel econometric techniques. The findings confirm that the long run relationship between variables and unidirectional causality. The results also reveal that GDP, inflation, exchange rate, interest rate and stock prices play an important role in economic development.
Keywords: macroeconomic variables, stock prices, panel analysis.
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Contents
- Private brand – differentiating concept
and source of stimulation of the Romanian retail trade
Ion ANGHEL
Anca Maria HRISTEA
- Macroeconomic determinants of the labour share of income:
Evidence from OECD economies
Ivan D. TROFIMOV
Nazaria Md. ARIS
Muhammad Khairil Firdaus Bin ROSLI
- Analysis of the investments made on the Romanian capital
market by the privately managed pension funds – Pillar II
Alexandra DARMAZ-GUZUN
- Exchange rate pass-through to macroeconomic indicators using
Vector Auto Regression: Empirical evidence from Pakistan
Farhan AHMED
Muhammad OWAIS
Sandhya KUMARI
Rohit RAJJANI
- Analysis of the educational activity in Romania
Constantin ANGHELACHE
Mădălina Gabriela ANGHEL
- Macroeconomic variables and stock prices
in emerging economies: A panel analysis
Raghutla CHANDRASHEKAR
P. SAKTHIVEL
T. SAMPATH
Krishna Reddy CHITTEDI
- Consumerism and exclusion
in a throw-away culture
Alexandru TAŞNADI
Iustin Emanuel ALEXANDRU
Gheorghe USTINESCU
Petru Ciprian BRADU
- The effects of microeconomic factors on the stock market:
A panel for the stock exchange in Istanbul ARDL analysis
Khatereh SADEGHZADEH
- Return, shock and volatility spillovers
between the bond markets of Turkey and developed countries
Selçuk BAYRACI
- Causal relationship between internet use and economic
development for selected Central Asian economies
Fuat SEKMEN
Hasmet GOKIRMAK
- Financial sector development and the poor in developing
countries: revisiting the access to finance channel
Atul MEHTA
Joysankar BHATTACHARYA
- Impact of unbalanced economic
growth to dynamic trade specialization
Putri AYU
Maizul RAHMIZAL
IRWANDI
- Base erosion and profit shifting
in multinational corporations
Vedang Ratan VATSA
