Hsain, Fazal; Mahmood, Tariq - Volkswirtschaftliche Fakultät, … - 2001
, investment spending, and economic activity (measured by GDP) in Pakistan. Using annual data from 1959-60 to 1998-99 and applying … variables to stock prices, implying that in Pakistan fluctuations in macro variables cause changes in stock prices. The findings … suggest that the stock market in Pakistan is not that developed to play its due role in influencing aggregate demand. A …