An empirical analysis of real activity and stock returns in an emerging market
The present paper analyzes the role of stock market returns as a predictor of real output for a fast-growing emerging market, Malaysia. In the analysis, forecasting equations for 1-, 2-, 4-, and 8-quarter forecasting horizons based on autoregressive distributed lags framework are adopted. From the e...
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| Format: | Article |
| Language: | English |
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Economic Society of Australia
2010
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| Online Access: | http://psasir.upm.edu.my/id/eprint/13028/1/13028.pdf |