{"title":"通货膨胀对巴基斯坦股市表现的影响","authors":"Imran Ramzan","doi":"10.2139/ssrn.3425133","DOIUrl":null,"url":null,"abstract":"The paper attempts to determine the connection of inflation rate with stock market performance in Pakistan. The number of observations ranges from 2009 to 2015, which have been collected from the Pakistan Bureau of Statistics and Economic survey of Pakistan. ADF method is used to test the stationary level, while, co-integration is determined through Johansen test. However, relationship is breakdown through VAR model and direction is examined with the help of Granger test. The results indicate that inflation has negative association with stock market performance. Further, inflation rate cause on stock market performance as indicated by Granger Causality. Therefore, there is need to reduce the inflation rate with the help of monetary policy in order to gain the confidence of local and international investors.","PeriodicalId":443911,"journal":{"name":"ERN: Other Econometrics: Applied Econometric Modeling in Macroeconomics (Topic)","volume":"7 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2016-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"3","resultStr":"{\"title\":\"Impact of Inflation on Stock Market Performance in Pakistan\",\"authors\":\"Imran Ramzan\",\"doi\":\"10.2139/ssrn.3425133\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"The paper attempts to determine the connection of inflation rate with stock market performance in Pakistan. The number of observations ranges from 2009 to 2015, which have been collected from the Pakistan Bureau of Statistics and Economic survey of Pakistan. ADF method is used to test the stationary level, while, co-integration is determined through Johansen test. However, relationship is breakdown through VAR model and direction is examined with the help of Granger test. The results indicate that inflation has negative association with stock market performance. Further, inflation rate cause on stock market performance as indicated by Granger Causality. Therefore, there is need to reduce the inflation rate with the help of monetary policy in order to gain the confidence of local and international investors.\",\"PeriodicalId\":443911,\"journal\":{\"name\":\"ERN: Other Econometrics: Applied Econometric Modeling in Macroeconomics (Topic)\",\"volume\":\"7 1\",\"pages\":\"0\"},\"PeriodicalIF\":0.0000,\"publicationDate\":\"2016-11-01\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"3\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"ERN: Other Econometrics: Applied Econometric Modeling in Macroeconomics (Topic)\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://doi.org/10.2139/ssrn.3425133\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"\",\"JCRName\":\"\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"ERN: Other Econometrics: Applied Econometric Modeling in Macroeconomics (Topic)","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.2139/ssrn.3425133","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
Impact of Inflation on Stock Market Performance in Pakistan
The paper attempts to determine the connection of inflation rate with stock market performance in Pakistan. The number of observations ranges from 2009 to 2015, which have been collected from the Pakistan Bureau of Statistics and Economic survey of Pakistan. ADF method is used to test the stationary level, while, co-integration is determined through Johansen test. However, relationship is breakdown through VAR model and direction is examined with the help of Granger test. The results indicate that inflation has negative association with stock market performance. Further, inflation rate cause on stock market performance as indicated by Granger Causality. Therefore, there is need to reduce the inflation rate with the help of monetary policy in order to gain the confidence of local and international investors.
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