The effects of macroeconomic variables on Malaysia’s stock index (KLCI) / Warziah Johari
This study is an attempt to determine the relationship between macroeconomic variables and stock index (KLCI). It considers the yearly data of macroeconomic variables of excahange rate, interest rates, consumer price index and crude oil price from year 1987 to 2012.In pursuance of this, the Vector E...
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| Format: | Thesis |
| Language: | English |
| Published: |
2013
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| Subjects: | |
| Online Access: | https://ir.uitm.edu.my/id/eprint/93417/1/93417.pdf |
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| Summary: | This study is an attempt to determine the relationship between macroeconomic variables and stock index (KLCI). It considers the yearly data of macroeconomic variables of excahange rate, interest rates, consumer price index and crude oil price from year 1987 to 2012.In pursuance of this, the Vector Error Correction Model (VECM) was used to study long-run relationship between the stock index and the 4 selected macroeconomic variables which are Exchanger rate (EXR), Interest Rate(IR), Consumer Price Index(CPI) and Crude Oil Price (COP). The major finding is that macroeconomic variables effects the stock index. |
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