Amity Business School, Amity University, Madhya Pradesh
Online published on 4 February, 2017.
The objective of this research is to analyze the impact of stock market performance on economic development of a country by considering variables like stock market return and other macroeconomic variables like GDP, IIP, Interest Rates and Inflation over the period 2004 to 2013. Johansen co-integration test, Granger-Causality test has been applied to examine this relationship. The result shows conflicting results for different countries.
GDP, IIP, CPI, Granger-Causality, Johansen co-integration, Unit Root
