| Abstract [eng] |
In master’s work it is seeking to create the estimation model of relationship between U.S. macroeconomic indicators and exchange-traded stock funds return, which would allow to set essential U.S. macroeconomic indicators, determining exchange-traded stock funds return in different regions during the period of 2004-2014. Work consists of three parts. In the theoretical part there are described the theoretical assumptions of analysis of exchange-traded stock funds and macroeconomic indicators interaction. In the analytical part there is created the model of economic analysis of U. S. macroeconomic indicators and exchange-traded stock funds interaction. In the constructive work part, using statistical data analysis package GRETL, it was seeking to distinguish basic U. S. macroeconomic indicators, which determine exchange-traded stock funds return in different regions. The performed research has showed that there is a positive relationship between U.S. macroeconomic indicators and exchange-traded stock funds return, therefore it can be stated that investors, analyzing situation in world economy, must take into account the situation in the United States of America. The variation decomposition analysis performed of U. S. bypassing economy cycle sequence indicators has showed that macroeconomic indicators have significant impact not only in short, but also in the long term. |
