期刊名称：International Journal of Social Sciences and Education Research
电子版ISSN：2149-5939
出版年度：2017
卷号：3,5
页码：1774-1786
语种：
出版社：Mahmut Demir
摘要：In this study, whether there is a relationship between the stock prices in Turkey and the macroeconomic variables for the period between 2000M1-2016M12 was analysed. For the analysis, unit root and co-integration tests that take structural breaks into account were used. As a result of the unit root test, all series were found to be I(1). As a result of the co-integration test, it was determined that there is a long-term relationship among the series. Finally, as a result of the FMOLS and DOLS tests, a positive and significant relationship from M1, consumer prices index, industrial production index towards stock prices was found while the relationship from foreign currency towards stock prices was found to be negative but still significant.
