The Stock Market and Macroeconomic Variables in a BRICS Country and Policy Implications

The Stock Market and Macroeconomic Variables in a BRICS Country and Policy Implications

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This paper examines the effects of selected macroeconomic variables on the stock market index in South Africa. The exponential GARCH (Nelson, 1991) model is applied. It finds that South Africa’s stock market index is positively influenced by the growth rate of real GDP, the ratio of the money supply...

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Bibliographic Details
Main Author: Yu Hsing
Format: Article
Language:English
Published: EconJournals 2011-01-01
Series:International Journal of Economics and Financial Issues
Subjects:
Stock market
monetary policy
fiscal policy
interest rates
exchange rates
inflation
Online Access:http://www.econjournals.com/index.php/ijefi/article/view/2/1

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