MACROECONOMIC AND INSTITUTIONAL DETERMINANTS OF STOCK MARKET DEVELOPMENT: THE CASE OF MALAWI STOCK EXCHANGE

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2013-05-01

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Abstract

This study was undertaken to find out if the macroeconomic variables and institutions can account for stock market development and volatility on the Malawi Stock Exchange. The study employs a GARCH (1, 1) model with quarterly data from 1996q4 to 2012q1. The empirical results indicate that macroeconomic variables and institutional factors have significant impact on stock market development and volatility.

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Macroeconomics, Stock Market, Development, Malawi Stock Exchange, Stock market development, Stock market volatility, Macroeconomic variables

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https://edurepo.maren.ac.mw/handle/123456789/2134

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