STOCK MARKET AND INVESTMENT IN TURKEY: EVIDENCE FROM COINTEGRATION AND CAUSALITY TESTS
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Date
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
Juraj Dobrila University Pula
Access Rights
info:eu-repo/semantics/closedAccess
Abstract
The objective of this paper is to investigate lite causal effect of business investments on stock returns in Turkey for the period following the liberalization of capital flows (1987 01-2006 03) According to results of the cointegration tests and error correction model (ECM) causality is found to run from stock returns to business investments and not vice versa
Description
Keywords
Granger-causality, investments, stock market
Journal or Series
Ekonomska Istrazivanja-Economic Research
WoS Q Value
Scopus Q Value
Volume
22
Issue
4
