LONG-RUN AND SHORT-RUN CAUSALITY BETWEEN STOCK PRICE INDICES AND MACROECONOMIC VARIABLES: EVIDENCE OF PANEL VECM ANALYSIS FROM BOSNIA AND HERZEGOVINA, CROATIA, NORTH MACEDONIA AND SERBIA
The purpose of this paper is to identify the long-run and short-run relationship between the values of the Macedonian Stock Exchange Index composed of 10 most liquid listed stocks (MBI10), the Zagreb Stock Exchange Index (CROBEX) composed of the most liquid listed stocks, the Sarajevo Stock Exchang...
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| Format: | Article |
| Language: | English |
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Faculty of Economics, University of Tuzla
2022-11-01
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| Series: | Economic Review |
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| Online Access: | http://ef.untz.ba/wp-content/uploads/2023/05/1_ER_DOI_pp.3_14.pdf |