Macreconomic variables effect on stock exchange market the case of palestine 2011 to 2020

Gaber Abugamea

MPRA Paper from University Library of Munich, Germany

Abstract: The objective of this study is to examine the impacts of some prominent macroeconomic factors on the Palestine Stock Exchange (PEX) Market performance It uses OLS regression estimation to investigate the relationship between (PEX) performance represented by market capitalization and the variables; GDP, inflation, interest rate, foreign direct investments, portfolio investments and unemployment rate, during the period 2011:1 to 2020:1. Distinctively, OLS results show a positive significant effect of inflation on (PEX), meanwhile portfolio investments have a negative marginal effect on the (PEX) performance. Moreover, (PEX) performance related insignificantly with a negative sign to GDP, interest rate, foreign direct investments and unemployment rate, respectively. Overall, these macroeconomics factors have a significant effect on PEX as denoted by F-statistics value.

Keywords: Palestine Stock Exchange (PEX); Macroeconomic indicators; Market Capitalization; OLS (search for similar items in EconPapers)
JEL-codes: C13 E44 G10 (search for similar items in EconPapers)
Date: 2022-01
References: Add references at CitEc
Citations:

Downloads: (external link)
https://mpra.ub.uni-muenchen.de/127876/2/MPRA_paper_127876.pdf original version (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:pra:mprapa:127876

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().