The purpose of the study is to examine the existence of causality between macroeconomic variables and stock returns in …-run relationship between stock performance and macroeconomic variables. In order to determine the existence or otherwise of causality …, the Granger Causality tests is performed. Impulse response functions and forecast error variance decomposition are used to …

using granger causality with the intent to find out if past movement in volumes in future market improves the return of … stationarity using Dickey- Fuller test and further causality has been examined. We report weak evidence of dynamic (causal …

Granger Causality test. Empirical results are mixed for different countries as expected because of differences in the …