Table 2

Methodologies in various papers

Name of the authorsYearModel used and period of studyPurpose of studyResults
Sampene et al.2021Johansen Multivariate Cointegration Method(2000–2019)Relationship between Interest rate, rate of Inflation, Exchange rate and Money Supply and stock market indexSignificant long run co-integration among interest rates and Ghana Composite stock index
Chaudhary, Bakhshi and Gupta2020Generalized Autoregressive Conditional Heteroscedasticity (GARCH) (January–June2020)Impact of COVID 19 on return and volatility of stock marketPositive and significant impact found in all the indices in the market
Ahmed2008Johansen`s approach of co-integration and Toda and Yamamoto Granger causality test (March 1995–March 2007)Relationship between stock market prices and key macroeconomic variablesInterest rate seems to lead stock prices
Aggrawal and Agarwal2017Granger Causality Model and Johansen`s approach of co-integration test(January 2008 to December 2013)Relationship between interest rates and stock marketsInterest rates and stock markets move together in long run
Yadav et al.2021Vector Error Correction Model and Cointegration test(2000–2020)Relationship between stock market prices and key macroeconomic variablesThere is a long run association between macroeconomic variables and stock markets
Sun and Yang2018Markov switching vector auto regression (MS-VAR) modelIdentification of asymmetric effects of China’s monetary policies on stock marketsChina’s monetary policy has stronger effects on the bull market than bear market
William M. Briggs2023Bayesian modellingClassical economic problemsPartial solution to replication crisis
Anita Kalia2024Bayesian regressionRelationship between promoter’s share pledging and company’s dividend payout policySignificant negative association promoter’s share pledging and company’s dividend payout policy

Source(s): Table by author

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