Panel Verification of the Impact of Macroeconomic Variables on Stock Market Indices
The aim of this article is an empirical verification of the impact of national macroeconomic variables on stock market indices. To investigate these relationships, three estimators: DFE, MG and PMG were used. The study used data from twenty OECD countries. The macroeconomic variables used included...
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| Format: | Article |
| Language: | English |
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Wydawnictwo Naukowe Wydziału Zarządzania Uniwersytetu Warszawskiego
2017-04-01
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| Series: | Problemy Zarządzania |
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| Online Access: | https://pz.wz.uw.edu.pl/resources/html/article/details?id=169676 |
| _version_ | 1811242691859578880 |
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| author | Hubert Wiśniewski |
| author_facet | Hubert Wiśniewski |
| author_sort | Hubert Wiśniewski |
| collection | DOAJ |
| description | The aim of this article is an empirical verification of the impact of national macroeconomic variables
on stock market indices. To investigate these relationships, three estimators: DFE, MG and PMG were
used. The study used data from twenty OECD countries. The macroeconomic variables used included:
industrial production, inflation, unemployment rate, exchange rate, short- and long-term interest rates.
The estimation brought interesting results for the different macroeconomic variables, depending on the
type of short-run or long-run relationships. |
| first_indexed | 2024-04-12T13:55:41Z |
| format | Article |
| id | doaj.art-35f646fd3c364e1b9527b2ecebc3127f |
| institution | Directory Open Access Journal |
| issn | 1644-9584 2300-8792 |
| language | English |
| last_indexed | 2024-04-12T13:55:41Z |
| publishDate | 2017-04-01 |
| publisher | Wydawnictwo Naukowe Wydziału Zarządzania Uniwersytetu Warszawskiego |
| record_format | Article |
| series | Problemy Zarządzania |
| spelling | doaj.art-35f646fd3c364e1b9527b2ecebc3127f2022-12-22T03:30:23ZengWydawnictwo Naukowe Wydziału Zarządzania Uniwersytetu WarszawskiegoProblemy Zarządzania1644-95842300-87922017-04-01151(66) t.2162177DOI:10.7172/1644-9584.66.10Panel Verification of the Impact of Macroeconomic Variables on Stock Market IndicesHubert Wiśniewski0Uniwersytet Warszawski, Wydział ZarządzaniaThe aim of this article is an empirical verification of the impact of national macroeconomic variables on stock market indices. To investigate these relationships, three estimators: DFE, MG and PMG were used. The study used data from twenty OECD countries. The macroeconomic variables used included: industrial production, inflation, unemployment rate, exchange rate, short- and long-term interest rates. The estimation brought interesting results for the different macroeconomic variables, depending on the type of short-run or long-run relationships.https://pz.wz.uw.edu.pl/resources/html/article/details?id=169676macroeconomic variablesstock indicespanel datashort- and long-run relationshipdfemg and pmg estimators |
| spellingShingle | Hubert Wiśniewski Panel Verification of the Impact of Macroeconomic Variables on Stock Market Indices Problemy Zarządzania macroeconomic variables stock indices panel data short- and long-run relationship dfe mg and pmg estimators |
| title | Panel Verification of the Impact of Macroeconomic Variables on Stock Market Indices |
| title_full | Panel Verification of the Impact of Macroeconomic Variables on Stock Market Indices |
| title_fullStr | Panel Verification of the Impact of Macroeconomic Variables on Stock Market Indices |
| title_full_unstemmed | Panel Verification of the Impact of Macroeconomic Variables on Stock Market Indices |
| title_short | Panel Verification of the Impact of Macroeconomic Variables on Stock Market Indices |
| title_sort | panel verification of the impact of macroeconomic variables on stock market indices |
| topic | macroeconomic variables stock indices panel data short- and long-run relationship dfe mg and pmg estimators |
| url | https://pz.wz.uw.edu.pl/resources/html/article/details?id=169676 |
| work_keys_str_mv | AT hubertwisniewski panelverificationoftheimpactofmacroeconomicvariablesonstockmarketindices |