Share Prices And Macroeconomic Variables In India
Share Prices and Macroeconomic Variables in India:
An Approach to Investigate the Relationship
Between Stock Markets and Economic Growth
By
Raman K. Agrawalla
And
S K Tuteja
Abstract
Of late increasing attention is being paid to the relationship between share prices and the macroeconomic variables both by economists and finance specialists. It is in fact hard to imagine an economy without stock markets now. In the contemporary scenario, which can be described by increasing integration of the financial markets and implementation of various stock market reform measures in India, the activities in the stock markets and their relationships with the macro economy have assumed significant importance. The present paper is an attempt to examine for India the causal relationships between the share price index and industrial production in a multivariate vector error correction model which involved certain other crucial macroeconomic......
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Approximate Word Count: 5779
Approximate Pages: 24 (250 words per double-spaced page)
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