Global ETD Search
Search theses and dissertations gathered from participating repositories worldwide. Every result links back to the library that holds it. No account is needed.
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Showing 1 to 20 of 144 for “"Macroeconomic Variables"”.
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Do macroeconomic variables explain future stock market movements in South Africa?
… to address the empirical question of whether macroeconomic variables drive future stock market returns in South Africa. If found, the macroeconomic variables would therefore constitute useful predictive information for the future FTSE/JSE All Share Index. The data was examined from 1965 to …
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Analysising the effects of budget deficit dynamics on macroeconomic variables in Namibia
… the presence of a long run relationship among variables in all models. In order to capture the short run effects of the budget deficit, the study employed the error correction model (ECM) and decisions were made based on a five percent level of significance. Focusing on the core explanatory …
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Essays on Nonlinearities and Structural Breaks in the Relationships between Macroeconomic Variables
<p>The dissertation is set out in three chapters, focusing on the structural changes that led to jobless recoveries in following the past three recessions, the asymmetric effects of fiscal stimulus over the business cycle, and the asymmetric effects of fiscal cuts and stimulus respectively. In the …
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The impact of macroeconomic variables on the Johannesburg Stock Exchange (JSE) indices
… to examine the long-term relationship between macroeconomic factors and stock market index levels for selected indices through a structural model which consists of a security valuation approach in the form of Dividend Discount Model(DDM) and an Engle and Granger cointegration model. The …
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Separation of precious metal beta from a JSE multivariate model with macroeconomic variables
… The process goes via the investigation of macrovariables (with precious metals used as one of the macrovariables) and their effect on market (JSE) returns. A complete analysis and modeling of this relationship is likely to yield unparalleled rewards and cost-effective risk management, monitoring …
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The impact of macroeconomic variables on the performance of selected African stock markets
This dissertation investigates the impact of macroeconomic variables on the performance of African stock markets, focusing on Egypt, Mauritius, and South Africa during the period 2009– 2019. This dissertation employed the multiple linear regression model and the Granger causality test to ascertain …
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The impact of macroeconomic variables on the equity market risk premium in South Africa
… between the Equity Market Risk Premium (MRP) and macroeconomic variables has been a subject of extensive discussion in the finance literature. The MRP is a central component of the main asset pricing models which are used to estimate the cost of equity which is mainly used in investment appraisal, …
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Analysis of Volatility Between Macroeconomic Variables and Busan Port Cargo Throughput According to Global Risks
… to structural shocks in global and domestic macroeconomic variables, and how their relative importance changes over time. The selection of variables was based on a combination of a Systematic Literature Review (SLR) and semi-structured interviews (SSI). The econometric analysis applied a …
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An investigation of firm specific and macroeconomic variables and their influence on emerging market stock returns
… effects associated with changes in key macroeconomic variables.
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Dynamic relationship between oil price and macroeconomic variables: evidence from oil exporting and oil importing countries in Africa.
… short-run relationship between oil price and key macroeconomic variables, within the context of net oil-exporting and importing countries in Africa. Using quarterly data ranging from 1996(Q1) to 2016(Q4), panel ARDL estimation is carried out to analyse how asymmetric changes in oil price affect …
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The curious case of Greece: The impact of fiscal policy shocks on key macroeconomic variables. A VAR based approach.
… been the main tool for monetary economics and macroeconomic researchers around the world. Leading central banking figures, academics, and modern economic think tanks have used the approach to determine the effects of interest rate shocks on basic macroeconomic variables such as GDP, industrial …
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An empirical study of the impact of macroeconomic variables on the capital structure of South African firms during periods of heightened economic uncertainty
… of national debt to GDP (and other selected macroeconomic variables) on the capital structure of South African firms is investigated during a period of heightened economic uncertainty. Economic uncertainty, as defined in this study, refers to the degree of unpredictability and lack of …
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Two Essays on Equity Mutual Funds
… time and that this variation can be predicted by variables such as dividend yields and book-to-market ratios (Fama and French (1989); Campbell and Thompson (2008)). Further, macroeconomic variables affect asset returns (Flannery and Protopapadikas (2002)). We investigate whether the investment …
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Economic interdependence of Saudi Arabia and Pakistan through oil and labor
… price fluctuations and oil revenues on the main macroeconomic variables in oil based labor importing economies and labor exporting economies, represented by Saudi Arabia and Pakistan respectively. Numerous academic studies have addressed the issue of workers' remittances and oil price …
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An analysis of key macroeconomic variables and underlying basic assumptions contained in loan capital commitments on the financial sustainability of electric power distribution companies (DisCos) in the Nigerian electricity supply industry (NESI) under the Multi-year (MYT) framework
… undertook an analysis of the effect of the key macroeconomic variables and underlying assumptions contained in the loan capital commitments on the financial sustainability of the NESI’s DisCos under the Multi-year (MYT) Framework. The thesis addresses perhaps the greatest issue affecting the …
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Testing Market Efficiency of MENA Equity Returns
… market efficiencies, studying the most effective macroeconomic variables and the impact of economic policy uncertainty, and transparency on stock returns. The study also investigates how Stock Market Efficiency responds asymmetrically to different macroeconomic policies, transparency, and economic …
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Predicting the Bull Run: scientific evidence for turning points of markets
… In addition, this study provides an analysis of macroeconomic variables that can be used for predictability in the South Africa financial market. We found that certain macroeconomic variables do contain an element of predictability with the yield spread and short term interest rates being the …
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Marginal income tax rates and the U.K. economy: three essays
… activity by analyzing the response of major macroeconomic variables to innovations to the average marginal income tax rate (AMTR) measures in the U.K. by employing vector autoregressive (VAR) models. We identify these innovations by making certain assumptions about fiscal policy and then …
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Macroeconomic conditions and capital structure: evidence from publicly listed companies in the U.K.
… research investigates whether and to what extent macroeconomic variables, namely, business cycle, financial market risk, credit supply and stock market performance, affect capital structure of publicly listed U.K. firms. Specifically, by using fixed effects, random effects, tobit, and GLS …
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