O. J. Olaniyan

Dynamic Relations between Macroeconomic Variables and Stock Prices

A. O. Ajayi & O. J. Olaniyan · Journal of Economics, Management and Trade · 2016

This study has examined the dynamic relationship between certain macroeconomic variables and stock prices in the UK and South Africa. Using the Johansen co-integration technique based on vector error correction model (VECM), the study finds one co-integrating vector for the UK da...