Download This PaperCausal Relations Among Stock Prices and Macroeconomic Variables in the Small, Open Economy of Jordan
14 Pages Posted: 6 Dec 2002
Date Written: 2002
Abstract
The purpose of this study is to investigate the long run relationship between the Jordanian stock prices and selected macroeconomic variables by using Johansen's methodology in cointegration analysis and monthly time series data over for the period from January 1987 to December 2000.
This study finds that macroeconomic variables are reflected in stock prices in the Jordanian capital market.
Keywords: Amman Stock Market, cointegration, vector error correction, macroeconomic variables, stock market prices
JEL Classification: G1
Suggested Citation: Suggested Citation
Maghyereh, Aktham Issa, Causal Relations Among Stock Prices and Macroeconomic Variables in the Small, Open Economy of Jordan (2002). Available at SSRN: https://ssrn.com/abstract=317539 or http://dx.doi.org/10.2139/ssrn.317539
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