Relating stock market performance to macroeconomic variables in developing economies
نویسندگان
چکیده
Given the uniqueness of stock market in Sub-Saharan Africa (SSA) and fact that empirical conclusions have always been drawn based on more advanced markets, it becomes necessary to investigate nexus between performance selected macroeconomic variables SSA countries. With a purpose unveiling relationship variables, relevance paper stems from looks at developing markets environment, covers period 1997 2018. The Panel-Autoregressive Distributed Lag model supported by good number pre- post-estimation techniques was used as estimation technique datasets which are secondary nature were World Development Indicators. study’s findings revealed indicators responded relatively long run adjusted shocks dynamics changing environment. confirmed broad money supply dependent for two models mixed one. arising this study shown short adjustment changes is important governments interpret make policies contemporaneous effects forecast dynamism linkage
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ژورنال
عنوان ژورنال: Economics of development
سال: 2022
ISSN: ['1683-1942', '2304-6155']
DOI: https://doi.org/10.57111/econ.21(3).2022.40-48