A note on the relationships between the stock market and macroeconomic variables in Malaysia: An empirical re-examination of Granger non-causality test

• Main Authors: Habibullah, Muzafar Shah, Azali, M., Azman-Saini, W.N.W., Baharumshah, Ahmad Zubaidi
• 格式: Article
• 語言: English
• 出版: Universiti Utara Malaysia 2000
• 主題: HB Economic Theory
• 在線閱讀: http://repo.uum.edu.my/784/1/Muzafar_Shah_Habibullah.pdf; http://repo.uum.edu.my/784/; http://ijms.uum.edu.my

The purpose of the present paper is to determine whether stock returns are leading indicator for future economic activity in Malaysia. In this study we employ the Granger non-causality test recently proposed by Toda and Yamamoto (1995) to test the causal relationships between the KLSE stock prices a...