Abstract:The objective ofthis study is to investigate the performance ofthe stock market as an indicator to real activity. The evidence ofthis relationship will focus on the sample of data obtained from Malaysia, Japan, Australia, India and Pakistan. The ordinary least square (OLS) and ECM-causality are used to examine the cointegration relationship and causality effect through the sample of data frequency to the related countries. The results show that there is causal-link between stock returns and industrial producti… Show more
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