Find MACROECONOMIC AND INSTITUTIONAL DETERMINANTS OF STOCK MARKET DEVELOPMENT Publication: MACROECONOMIC AND INSTITUTIONAL DETERMINANTS OF STOCK MARKET DEVELOPMENT
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Date
2013-05-01
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Abstract
This study was undertaken to find out if the macroeconomic variables and institutions can account for stock market development and volatility on the Malawi Stock Exchange. The study employs a GARCH (1, 1) model with quarterly data from 1996q4 to 2012q1. The empirical results indicate that macroeconomic variables and institutional factors have significant impact on stock market development and volatility.
Description
Submitted to the Faculty of Social Science in Partial Fulfilment of the requirement for the Degree of Master of Arts in Economics
Keywords
Macroeconomics, Stock Market, Development, Malawi Stock Exchange, Stock market development, Stock market volatility, Macroeconomic variables