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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
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