محک پیشرو بودن شاخص ها قیمت سهام در بورس تهران

The financial and economic analysts are always eager to have an approximately accurate forecast (prediction) of economic condition of the country, and assess (estimate) their economic evolutions with acceptable level of error. Therefore, they especially pay attention to stock indexes which are representatives of country’s future economic conditions. This paper surveys the relation between stock market indexes and economic growth of the country also it investigates the issue that "which index" has capability of being pioneer and predictive. The results of this paper show that there is a one-way causative relation "from stock market to economic growth" and stock exchange indexes are more pioneering than GDP (Gross Domestic Product) GDP reacts approximately 9 months after indexes change.