haku: @indexterm Macroeconomics / yhteensä: 544
viite: 128 / 544
| Tekijä: | Nasseh, A. Strauss, J. |
| Otsikko: | Stock prices and domestic and international macroeconomic activity: a cointegration approach |
| Lehti: | Quarterly Review of Economics and Finance
2000 : SUMMER, VOL. 40:2, p. 229-245 |
| Asiasana: | Stock markets Prices Macroeconomics Europe |
| Vapaa asiasana: | Economic activity |
| Kieli: | eng |
| Tiivistelmä: | This paper supports the existence of significant, long-run relationship between stock prices and international and domestic economic activity in 6 European economies. Johansen Cointegration tests demonstrate that stock price levels are significantly related to industrial production, business surveys of manufacturing orders, short- and long-term interest rates as well as foreign stock prices, short-term interest rates and production. Methods of variance decomposition are also used. |
SCIMA