Dynamic Relations between Macroeconomic Variables and Indian Stock Price : an Application of Ardl Bounds Testing Approach

@inproceedings{Joshi2015DynamicRB,
  title={Dynamic Relations between Macroeconomic Variables and Indian Stock Price : an Application of Ardl Bounds Testing Approach},
  author={Pooja Joshi and --- A K Giri},
  year={2015}
}
The purpose of the present study is to examine the dynamic long run and the short run relationship between stock price and a set of macroeconomic variables for Indian economy using monthly data from April 2004 to July 2014. The long run relationship is examined by implementing the ARDL bounds testing approach to co-integration. VECM method is used to test… CONTINUE READING