Since 2014
Stock Market Capitalization and the Macroeconomics of Transition Economies: The Case of India
Dynamic Econometric Models
View Archive Info| Field | Value | |
| Title |
Stock Market Capitalization and the Macroeconomics of Transition Economies: The Case of India
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| Creator |
Upadhyaya, Kamal P; Department of Economics University of New Haven West Haven, CT 06516, USA Nag, Raja; New York Institute of Technology Mixon, Jr., Franklin G; Center for Economic Education Columbus State University 4225 University Avenue Columbus, GA 31907, USA |
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| Subject |
stock market capitalization, Indian economy, transition economies, Asian economics
JEL Codes: E00, E44 |
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| Description |
This paper investigates the relationship between stock market capitalization (stock prices) and selected macroeconomic variables in India. The empirical results suggest that, in the long run, output growth and exchange rate are positively related to stock prices, while money supply exhibits a negative relationship to stock market capitalization. In the short run most of the variation in the stock market is captured by its own innovation, although the exchange rate, the price level and the interest rate seem to have some effect on the short-run stock capitalization.
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| Publisher |
Nicolaus Copernicus University
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| Contributor |
—
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| Date |
2018-09-07
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion — — |
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| Format |
application/pdf
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| Identifier |
http://apcz.umk.pl/czasopisma/index.php/DEM/article/view/DEM.2018.002
10.12775/DEM.2018.002 |
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| Source |
Dynamic Econometric Models; Forthcoming; 35-47
Dynamic Econometric Models; Forthcoming; 35-47 2450-7067 1234-3862 |
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| Language |
eng
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| Relation |
http://apcz.umk.pl/czasopisma/index.php/DEM/article/view/DEM.2018.002/15415
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| Rights |
Copyright (c) 2018 Dynamic Econometric Models
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