Economics, Econometrics and Finance
6 years ago

Colombo Stock Exchange Share Prices Predicted by Macroeconomic Variables.

OALib
Cointegration Based Regression to Analyse Linkage between Share Price Index and Macroeconomic Variables: Evidence from Colombo Stock Exchange
Gayani Thalagoda, Kusal Rathnayake, Sachith Abeysundara

Paper Summary

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The researchers analyzed the connection between the Colombo Stock Exchange's All Share Price Index (ASPI) and various economic factors in Sri Lanka. They found that the ASPI is linked with factors like exchange rates, money supply, wage rates, and more. By using a regression model, they were able to predict the ASPI's behavior in the long term. The model showed a valid relationship between the ASPI and these economic variables. Future studies will focus on the short-term relationships between these factors.