Thai Stock Market Soars with Economic Forces Boosting Growth and Stability!
The study looked at how the Thai stock market is connected to the country's economy from 1993 to 2007. They found that the stock market and certain economic factors are linked in the long term. Factors like real GDP, money supply, and exchange rates have a positive impact on the stock market, while the price level doesn't affect it much. The 1997 financial crisis didn't affect stock prices. The study also found that stock market returns and economic growth are connected both in the short and long term.