Macroeconomic Factors and the Stock Market

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F47813059%3A19520%2F03%3A00000024" target="_blank" >RIV/47813059:19520/03:00000024 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Result language
angličtina
Original language name
Macroeconomic Factors and the Stock Market
Original language description
The aim of this study is to investigate whether macroeconomic variables explain stock market returns by using cointegration tests. Our study finds that the U.S.- stock markets reflect a set of macroeconomic variable flictuations on stock market indexes.The Johansen´s test procedures illustrate that the main U.S. - stock price indexes are cointegrated with selected macroeconomic variables.This evidence enables us to form a hypothesis that the long-run equilibrium relation exists among relevant macroeconomic variables and stock price indexes.
Czech name
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Czech description
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Project
<a href="/en/project/GA402%2F02%2F1408" target="_blank" >GA402/02/1408: Comparing Financial Markets Development in the Czech Republic and EU-Countries</a><br>
Continuities
P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)

Publication year
2003
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
Transformacja, Integracja, Globalizacja. W poszukiwaniu modelu rozwoju gospodarczego PolskiTransformacja, Integracja, Globalizacja. W poszukiwaniu modelu rozwoju gospodarczego Polski
ISBN
83-917312-7-8
ISSN
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e-ISSN
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Number of pages
22
Pages from-to
467-488
Publisher name
Akademia ekonomiczna w Krakowie
Place of publication
Krakow
Event location
Krakow
Event date
May 15, 2003
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
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