Call for Papers:Vol.11 Issue.4

Submission
Last date		 28-Aug-2025
Acceptance Status In One Day
Paper Publish In Two Days
Submit ManuScript

News & Updates

Submit Article

Dear Authors, Article publish in our journal for Volume-11,Issue-4. For article submission on below link: Submit Manuscript


Join As Board

Dear Reviewer, You can join our Reviewer team without given any charges in our journal. Submit Details on below link: Join As Board


Paper Publication Charges

IJARIIE APP
Download Android App

For Authors

Archives

IJARIIE Board

Downloads

Android App

Download IJARIIE APP

Authors

Title: :  A Study on Causality and Long Run Association between BSE Indices and Macroeconomic Indicators
PaperId: :  7017
Published in:   International Journal Of Advance Research And Innovative Ideas In Education
Publisher:   IJARIIE
e-ISSN:   2395-4396
Volume/Issue:    Volume 3 Issue 6 2017
DUI:    16.0415/IJARIIE-7017
Licence: :   IJARIIE is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.

Author NameAuthor Institute
Dr. P. ARUN PRAKASHBANNARI AMMAN INSTITUTE OF TECHNOLOGY, Sathyamangalam
Ms. V. SINDHUSRI KRISHNA ADITHYA COLLEGE OF ARTS AND SCIENCE , COIMBATORE

Abstract

Finance
Stock Market, Causality, Long Run Association, Multiple Correlation and Bivariate Cointegration
This empirical study investigates the relationship between BSE indices and macroeconomic determinants for the period 2004-2005 to 2015-2016. The study aims to find the causality and long run association between BSE indices and macroeconomic factors with the help of econometrics tools such as Unit Root Test Analysis, Johanson Cointegration Test, and Granger Casualty Test. The bivariate cointegration (Johanson Cointegration Test) results revealed the long term relationship between BSE Indices (comprising BSE Sensex, BSE 100, BSE 200, BSE 500 and BSE All Cap) and macroeconomic factors during the study period. It is found that all the macroeconomic variables are cointegrated with BSE Indices and exogenous variables such as Cash Reserve Ratio (CRR), Gross Domestic Formation (GCF) and Index of Industrial Production (IIP) granger caused BSE Indices of Bombay Stock Exchange in bi-directional mode. It is also observed from the results that exogenous variables such as Gross Domestic Product (GDP), Inflation, Rate (IR), Gross Domestic Savings (GDS), and statutory liquidity ratio (SLR) granger caused with BSE Indices in uni-directional mode.

Citations

Copy and paste a formatted citation or use one of the links to import into a bibliography manager and reference.

IJARIIE Dr. P. ARUN PRAKASH, and Ms. V. SINDHU. "A Study on Causality and Long Run Association between BSE Indices and Macroeconomic Indicators" International Journal Of Advance Research And Innovative Ideas In Education Volume 3 Issue 6 2017 Page 765-773
MLA Dr. P. ARUN PRAKASH, and Ms. V. SINDHU. "A Study on Causality and Long Run Association between BSE Indices and Macroeconomic Indicators." International Journal Of Advance Research And Innovative Ideas In Education 3.6(2017) : 765-773.
APA Dr. P. ARUN PRAKASH, & Ms. V. SINDHU. (2017). A Study on Causality and Long Run Association between BSE Indices and Macroeconomic Indicators. International Journal Of Advance Research And Innovative Ideas In Education, 3(6), 765-773.
Chicago Dr. P. ARUN PRAKASH, and Ms. V. SINDHU. "A Study on Causality and Long Run Association between BSE Indices and Macroeconomic Indicators." International Journal Of Advance Research And Innovative Ideas In Education 3, no. 6 (2017) : 765-773.
Oxford Dr. P. ARUN PRAKASH, and Ms. V. SINDHU. 'A Study on Causality and Long Run Association between BSE Indices and Macroeconomic Indicators', International Journal Of Advance Research And Innovative Ideas In Education, vol. 3, no. 6, 2017, p. 765-773. Available from IJARIIE, http://ijariie.com/AdminUploadPdf/A_Study_on_Causality_and_Long_Run_Association_between_BSE_Indices_and_Macroeconomic_Indicators_ijariie7017.pdf (Accessed : ).
Harvard Dr. P. ARUN PRAKASH, and Ms. V. SINDHU. (2017) 'A Study on Causality and Long Run Association between BSE Indices and Macroeconomic Indicators', International Journal Of Advance Research And Innovative Ideas In Education, 3(6), pp. 765-773IJARIIE [Online]. Available at: http://ijariie.com/AdminUploadPdf/A_Study_on_Causality_and_Long_Run_Association_between_BSE_Indices_and_Macroeconomic_Indicators_ijariie7017.pdf (Accessed : )
IEEE Dr. P. ARUN PRAKASH, and Ms. V. SINDHU, "A Study on Causality and Long Run Association between BSE Indices and Macroeconomic Indicators," International Journal Of Advance Research And Innovative Ideas In Education, vol. 3, no. 6, pp. 765-773, Nov-Dec 2017. [Online]. Available: http://ijariie.com/AdminUploadPdf/A_Study_on_Causality_and_Long_Run_Association_between_BSE_Indices_and_Macroeconomic_Indicators_ijariie7017.pdf [Accessed : ].
Turabian Dr. P. ARUN PRAKASH, and Ms. V. SINDHU. "A Study on Causality and Long Run Association between BSE Indices and Macroeconomic Indicators." International Journal Of Advance Research And Innovative Ideas In Education [Online]. volume 3 number 6 ().
Vancouver Dr. P. ARUN PRAKASH, and Ms. V. SINDHU. A Study on Causality and Long Run Association between BSE Indices and Macroeconomic Indicators. International Journal Of Advance Research And Innovative Ideas In Education [Internet]. 2017 [Cited : ]; 3(6) : 765-773. Available from: http://ijariie.com/AdminUploadPdf/A_Study_on_Causality_and_Long_Run_Association_between_BSE_Indices_and_Macroeconomic_Indicators_ijariie7017.pdf
BibTex EndNote RefMan RefWorks

Number Of Downloads



Save in Google Drive

Similar-Paper

TitleArea of ResearchAuther NameAction
A Study on How Emotions Influence Investment DecisionsBehaviour financeR Roshan Gulecha Download
THE IMPACT OF E-INVOICING ON COMPLIANCE AND FINANCIAL REPORTING – A CASE STUDY AT GENPACT MADURAIFinanceKARTHIGAI RAJAN S Download
Financial Resilience and Household Finance Practices among Low-Income Families: Exploring Pyscho-Socio-Economic InfluencesFinance, Business AdministrationAiah Jane Daano Corminal Download
Secure Financial Transactions in Cloud Banking with Blockchain and Homomorphic EncryptionFinancialSubramanyam Boyapati Download
Financial Intermediation and Capital Formation in NigeriaEconomics and Finance Sandra Chisor-Wabali Download
Smart Automated Plant Watering System Using IoT TechnologySmart Agriculture Internet Of Things (IOT), Environment monitoring Sulakshana Chakma Download
FINANCIAL RECITATION OF TOP 5 FMGC COMPANIES IN INDIACommerce - FinanceDr. A Y Kettiramalingam Download
“Investing in a Digital Era: Retail Investors’ Evolving Risk-Return Strategies in India’s Capital Market”FinanceArshdeep Singh Download
‘INDIA TAXES’- A NARRATIVE REVIEW.CommerceMr. Y. Sri Rama Subba Reddy Download
THE ILLUSION OF WEALTH CREATION: RISKS IN INDIAN REAL ESTATE INVESTMENTS AND DIVERSIFICATION THROUGH BONDS AND MUTUAL FUNDSFinanceRakshani V V Download
A STUDY ON FINANCIAL PERFORMANCE OF PRIVATE CASTING. LTD USING RATIO ANALYSISmanagementSubha shri k Download
A OVERVIEW OF AGRICULTURAL FINANCE IN INDIACOMMERECEDr. Umesh Gupta Download
Using Technological Acceptance Model to Measure the intention of Micro Enterprises to accept eNaira in Jigawa State, NigeriaManagement SciencesMansur Ahmed Kazaure Download
TRANSPARENCY AND EFFECTIVENESS GUARANTEE OF THE ADMINISTRATIVE PUBLIC ESTABLISHMENT MANAGEMENT IN MADAGASCARManagementRAHARIDERA Ndrosoniaina Download
Valuation Analysis of IPO’s- Evidences from the Chartbuster Year of the DecadeFinanceDr. Maninder Kaur Walia Download
12