期刊名称：International Journal of Experiential Learning & Case Studies
印刷版ISSN：2520-4475
电子版ISSN：2521-9359
出版年度：2019
卷号：4
期号：2
页码：316-331
DOI：10.22555/ijelcs.v4i2.2414.g551
语种：English
出版社：Institute of Business Management
摘要：The core objective of the research conducted is to explore the interactions of the stock index,gold price,crude oil price and exchange rate in Pakistan from September 1997 to April 2018. The interaction is examined by concurrent equations. For analyzing the trend of Pakistan economy,unit root test,correlation test,co-integration technique,vector autoregressive model,granger test is done. The result indicates the absence of a long-run relationship among all of the variables. However,results demonstrate the signif icant effect of crude oil price & Gold price on the exchange rate. Whereas,Pakistan stock market is affected by the exchange rate. Recommendations for the government are given to give more focus on economic policies for the crude oil price,stock index,gold price and exchange rate to make them stable in the country. The study is tremendously benef icial for high authorities in the business,policy and decision-maker in the country and as well as investors because they can predicate and able to understand the fluctuation of these variables in the economy. Statistical software used for this study is EVIEWS 9th edition.
关键词：Stock Index;Gold Price;Crude Oil Price;Exchange Rate;Vector Autoregressive Model
