The dynamics of macroeconomic variables in Indian stock market: a Bai-Perron approach

dc.contributor.author	Parab, N.
dc.contributor.author	Reddy, Y.V.
dc.date.accessioned	2019-08-06T05:37:56Z
dc.date.available	2019-08-06T05:37:56Z
dc.date.issued	2019
dc.identifier.citation	Macroeconomics and Finance in Emerging Market Economies. 13(1); 2020; 89-113.	en_US
dc.identifier.uri	https://doi.org/10.1080/17520843.2019.1641533
dc.identifier.uri	http://irgu.unigoa.ac.in/drs/handle/unigoa/5809
dc.description.abstract	The stock market is dynamic, so also the economic conditions. Structural breaks are unexpected shifts which occur in a time-series data which may deteriorate the results. The study deals this situation using the Bai-Perron test and examines the impact of select macroeconomic variables on stock market returns and thereafter investigates the causal relations. The study evidenced a significant impact of macroeconomic variables on stock market returns, and such impact was found to be varying across structural periods. The results are aimed to contribute significantly to finance literature and assist market participants and research analysts in evaluating Indian stock market.	en_US
dc.publisher	Taylor & Francis	en_US
dc.subject	Commerce	en_US
dc.title	The dynamics of macroeconomic variables in Indian stock market: a Bai-Perron approach	en_US
dc.type	Journal article	en_US
dc.identifier.impf	cs