Abstract
The purpose of this paper is to investigate whether the stock price and openness in Australia and New Zealand can explain real GDP by using cointegration and an error correction model. The cointegration test and the ECM illustrate that" there is a long run relationship between real GDP, openness, share price and the CPI. Our results also indicate that openness and share price have significant impacts on economic growth in Australia and New Zealand.
| Original language | English |
|---|---|
| Pages (from-to) | 73-80 |
| Number of pages | 8 |
| Journal | Wesleyan Journal of Research |
| Volume | 3 |
| Issue number | 1 |
| Publication status | Published - 2010 |
Keywords
- economic growth
- stock market investment
