MACROECONOMIC VARIABLES AND STOCK MARKETS: AN INTERNATIONAL STUDY

Francisco Jareño (), Ana Escribano and Alberto Cuenca

Applied Econometrics and International Development, 2019, vol. 19, issue 1, 43-54

Abstract: This paper studies the potential correlation between the stock market of six relevant countries (Germany, Italy, Spain, France, UK and US) and some important macroeconomic factors, such as the gross domestic product (GDP), the consumer price index (CPI), the industrial production index (IPI) and the unemployment (UNEMP). GDP and UNEMP show statistically significant correlation with these international stock markets, mainly in the crisis sub-period, finding, in addition, the expected signs.

Keywords: International Stock Market; Macroeconomic Factors; Correlation Analysis; US; European Countries. (search for similar items in EconPapers)
JEL-codes: E32 F44 G15 O40 O51 (search for similar items in EconPapers)
Date: 2019
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.usc.es/~economet/reviews/aeid1914.pdf
No.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eaa:aeinde:v:19:y:2019:i:1_4

Ordering information: This journal article can be ordered from
http://www.usc.es/economet/info.htm

Access Statistics for this article

More articles in Applied Econometrics and International Development from Euro-American Association of Economic Development
Bibliographic data for series maintained by M. Carmen Guisan ().