The Relationship between Inflation and Stock prices in Zambia

Simple item page
dc.contributor.authorChidoti, Daniel
dc.contributor.authorSheefeni, Peyavali
dc.date.accessioned2021-07-23T11:56:21Z
dc.date.available2021-07-23T11:56:21Z
dc.date.issued2013
dc.description.abstractThis study examines a relationship between inflation and stock prices for Zambia, over the period 1999–2011, using monthly all share stock prices and inflation rates. The study employed Augmented-Dickey-Fuller and Phillip-Perron for testing the stationarity of the series, Granger-causality test is used to determine the causality relationship between the variables, VAR and Cointegration techniques are employed to determine the short run and long run relationship respectively between the two variables. The unit root test results show that the series are non- stationary at level form but after differentiating they become stationary, the causality test results show a one way causal relationship running from inflation to stock prices and not vice-versa. There was no cointegration found among the variables meaning that there exists only a short run relationship. In general the results support the economic theory which suggests a negative relationship between inflation and stock prices.en_US
dc.identifier.citationChidoti, D & Sheefeni, P. J. (2013) The Relationship between Inflation and Stock prices in Zambia. Asian Journal of Business and Managementen_US
dc.identifier.issn2321 – 2803
dc.identifier.urihttp://hdl.handle.net/10566/6461
dc.language.isoenen_US
dc.publisherAsian online journalsen_US
dc.relation.ispartofseries;4
dc.subjectInflationen_US
dc.subjectStock pricesen_US
dc.subjectunit rooten_US
dc.subjectGranger casualityen_US
dc.subjectVector-autoregressiveen_US
dc.subjectZambiaen_US
dc.titleThe Relationship between Inflation and Stock prices in Zambiaen_US
dc.typeArticleen_US

Files

Original bundle
Now showing 1 - 1 of 1
Thumbnail Image
Name:
Sheefen, J.P.S_The Relationship between Inflation and Stock Prices in Zambia_2016.pdf
Size:
327.88 KB
Format:
Adobe Portable Document Format
Description:
Main article
Download
License bundle
Now showing 1 - 1 of 1
No Thumbnail Available
Name:
license.txt
Size:
1.71 KB
Format:
Item-specific license agreed upon to submission
Description:
Download

Collections

Research Articles (Economics)