MACROECONOMIC VARIABLES AND STOCK MARKET: EVIDENCE FROM IRAN
In this paper, we examine the relationship between Tehran Stock Exchange (TSE) price index and a set of three macroeconomic variables from 2001 to 2007 using Unrestricted Vector Autoregressive (VAR) model. Our analysis based on Impulse Response Function (IRF), indicate that the response of TSE price...
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| Format: | Article |
| Language: | English |
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Social Sciences Research Society
2011-01-01
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| Series: | International Journal of Economics and Finance Studies |
| Online Access: | http://www.sobiad.org/eJOURNALS/journal_IJEF/archieves/2011_1/01abbas_alavi_rad.pdf |