Title Baltijos šalių makroekonominių rodiklių ir akcijų rinkos kainų tarpusavio ryšio vertinimas /
Translation of Title Evaluation of relationship between macroeconomic indicators of the Baltic States and stock prices in stock exchange.
Authors Marcišauskienė, Jūratė ; Cibulskienė, Diana
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Is Part of Ekonomika ir vadyba: aktualijos ir perspektyvos.. Šiauliai : Šiaulių universiteto leidykla. 2013, Nr. 1, p. 51-61.. ISSN 1648-9098
Keywords [eng] Baltic stock exchange ; stock prices ; macroeconomic indicators
Abstract [eng] The identified relationship between the OMXR index and GDP per capita was direct and moderate. The relationship between the OMXR index and the Harmonised Index of Consumer Prices, the Foreign Direct Investment Index, the Producer Price Index was direct but weak. After composing the equation of the multinomial regression model of the Baltic Stock Exchanges indexes and the macroeconomic indicators for the analysed period it was identified that the OMXV index is affected by the OMXV index of the previous period, GDP per capita and the unemployment rate of the previous period. Increase in the unemployment rate has a negative effect on the OMXV index. The OMXR index is affected by the OMXR index of the previous period, GDP per capita and the unemployment rate. Increase in the unemployment rate has a negative effect on the OMXR index. The OMXT index is affected by the OMXT index of the previous period, the Measure of Money Supply M1, and the state sector debt. Increase in the state sector debt has a negative effect on the OMXT index.
Published Šiauliai : Šiaulių universiteto leidykla
Type Journal article
Language Lithuanian
Publication date 2013