文章基本信息

标题：The long-run relationship between the stock market and main macroeconomic variables in Poland
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作者：Anna Czapkiewicz ; Marta Stachowicz
期刊名称：Ekonomia Menedzerska (älter als 2 Jahre)
印刷版ISSN：1898-1143
出版年度：2016
卷号：17
期号：1
页码：7-20
DOI：10.7494/manage.2016.17.1.7
出版社：Akademia Górniczo-Hutnicza
摘要：In the financial literature, there are some studies concerning long-term relationshipsbetween financial markets. For example, Chen et al. (2002) investigatedthe dynamic interdependence of the major stock markets in Latin America. Usingdata from 1995 to 2000, they found that there is one cointegrating vector thatappears to explain the dependencies in prices of the the stock market indicesof Argentina, Brazil, Chile, Colombia, Mexico, and Venezuela. On the basis ofdaily data from the period 1993–2002, Voronkova (2004) showed the existenceof cointegration between European developed markets and the stock markets ofCzech Republic, Hungary, and Poland. Additionally, Syriopoulos (2007) indicatedthat the long-term linkages between emerging CEE markets (Czech Republic,Hungary, Poland, and Slovakia) and developed markets (Germany and the US)are stronger than among the CEE countries themselves.