The correlation between economic indicators and taiwan stock market - a case study of leading and lagging indicators

Tzu-Yi Yang

This study investigates the correlation between economic indicators and Taiwan stock market, analysing the leading and lagging indicators from January 1995 to December 2016 to determine whether there is any significant correlation between the indicators and the stock market. With Large-cap Stock Price Index as dependent variable and the leading and lagging indicators as independent variables, and the correlation between the leading and lagging indicators and Taiwan Stock Exchange Corporation (TSEC) Large-cap are empirically analysed by multiple regression analysis in Eviews 9. It is concluded that there is both a significant and positive correlation between the leading indicator of the Index of Export Orders and the closing price of TSEC Large-cap Stocks anda significant and negative correlation between the lagging indicators of Unemployment Rate and Inventories to Sales Ratio for Manufacturing and TSEC stock price.

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Year of publication:	2020
Authors:	Yang, Lori Tzu-Yi
Published in:	Financial studies. - Bucharest : [Verlag nicht ermittelbar], ISSN 2066-6071, ZDB-ID 2737729-5. - Vol. 24.2020, 4, p. 41-59
Subject:	TSEC Large-cap Index \| leading indicators \| lagging indicators \| Wirtschaftsindikator \| Economic indicator \| Taiwan \| Aktienmarkt \| Stock market \| Lag-Modell \| Lag model \| Frühindikator \| Leading indicator \| Index \| Index number \| Aktienindex \| Stock index

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Type of publication:	Article
Type of publication (narrower categories):	Aufsatz in Zeitschrift ; Article in journal
Language:	English
Other identifiers:	hdl:10419/231709 [Handle]
Classification:	D53 - Financial Markets ; E44 - Financial Markets and the Macroeconomy ; G10 - General Financial Markets. General
Source:	ECONIS - Online Catalogue of the ZBW

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