文章基本信息

标题：STOCK MARKET AND INVESTMENT IN TURKEY: EVIDENCE FROM COINTEGRATION AND CAUSALITY TESTS
作者：Feridun, Mete ; Sawhney, Bansi ; Jalil, Abdul 等
期刊名称：Economic Research
印刷版ISSN：1331-677X
出版年度：2009
卷号：22
期号：4
页码：17-29
出版社：Juraj Dobrila University of Pula, Department of Economics and Tourism 'Dr. Mijo Mirkovic'
摘要：The objective of this paper is to investigate the 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.
关键词：Granger-causality; investments; stock market;