EconPapers    
Economics at your fingertips  
 

The effects of business cycle indicators on stock market indices of food industry in Iran

Hassan Mohammadi (), L. Abolhasani, N. Shahnoushi and F. Shabanian

No 277425, 2018 Conference, July 28-August 2, 2018, Vancouver, British Columbia from International Association of Agricultural Economists

Abstract: This paper investigates the effects of the business cycle indicators on stock market indices of food industry companies in Iran stock market. Using dynamic panel and Panel VAR methods for seasonal data of 2001-2015, the results show that the effect of GDP and agricultural value-added as indicators of business cycle on stock market indices of sales volume, price index, net profit and stock return are positive. The results of panel VAR models also show that the shocks entered by GDP and agricultural value ?added have a different effect on stock market indices of sales volume, price index, net profit and ?stock return. Due to the positive effects of the business cycles indicators on the stock market indices of food industry companies, it is recommended that policy-makers consider strategies to increase GDP and agriculture value-added. Acknowledgement : I am attaching herewith a manuscript entitled ?The Impacts of Business Cycle Indicators on Stock Market Indices of Food Industry for the 30th international conference of agricultural economics. With the submission of this manuscript, I would like to undertake that the above-mentioned manuscript has not been published elsewhere, accepted for publication elsewhere or under editorial review for publication elsewhere. Please don't hesitate to contact me for further information. Thanks in advance for your time and consideration. Sincerely Hosein Mohammadi, Associate Professor of Agricultural Economics Ferdowsi University of Mashhad, Iran

Keywords: Agribusiness (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-agr and nep-ara
Date: 2018-07
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
http://ageconsearch.umn.edu/record/277425/files/402.pdf (application/pdf)

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:ags:iaae18:277425

Access Statistics for this paper

More papers in 2018 Conference, July 28-August 2, 2018, Vancouver, British Columbia from International Association of Agricultural Economists Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().

 
Page updated 2019-02-16
Handle: RePEc:ags:iaae18:277425