The relationship between the stock market and foreign direct investment in Croatia: evidence from VAR and cointegration analysis

The aim of this paper is to investigate the existence and characteristics of both the long- and short-term relationships between FDI and the stock market in Croatia. The main hypothesis is that, in the long run, trends in FDI should determine the movement of the stock market through the channel of e...

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Bibliographic Details
Main Authors: Irena Raguz, Vladimir Arcabic, Tomislav Globan
Format: Article
Language:English
Published: Institute of Public Finance 2013-03-01
Series:Financial Theory and Practice
Subjects:
VAR
Online Access:http://fintp.ijf.hr/upload/files/ftp/2013/1/arcabic_globan_raguz.pdf