The outcome imply there’s an extended-label matchmaking among the variables analyzed

The outcome imply there’s an extended-label matchmaking among the variables analyzed

Bhattacharya Mukherjee (2003) empirically checked-out brand new causal relationships within Indian stock-exchange, playing with while the a good proxy the new BSE Delicate Index of your Bombay Stock exchange, which have picked macroeconomic details (actual rate of exchange, international reserves and you will change equilibrium really worth)

Gjerde Saettem (1999) investigated new causality affairs ranging from stock yields and you may macroeconomic parameters to own this new Norwegian cost savings, using VARs, as in Lee (1992). The outcome indicated that the interest rate plays an important role about Norwegian benefit. Much more especially, they found that the rate has an effect on each other stock production and you can rising cost of living. With regards to the people, the brand new Norwegian marketplace is highly dependent on the price of oils, which reliance is mirrored on stock market, hence reacts rationally into differences in the latest oil speed, i.age., the fresh loved ones between the petroleum price and you may display cost try positive. Continua llegint «The outcome imply there’s an extended-label matchmaking among the variables analyzed»