The Impact of Macroeconomic Variables on Stock Prices

Student: Ibrayeva Altynay

Educational Programme: Applied Economics (Master)

Year of Graduation: 2021

This thesis describes the influence of macroeconomic factors on the stock prices of the stock market in Russia and Norway using statistical data for the period from 2002 to 2021. There is given the theoretical substantiation of the influence of macroeconomic factors on stock prices through fundamental and empirical work. The results of the study show a long-term relationship between macroeconomic indicators and the stock markets of Russia and Norway. In this case, the expansion of the variance indicates that the stock markets are more responsive to changes in external factors such as a change in price quotations for the S & P500 index, oil and gold.

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