Ibrahim, Mansor; Ahmed, Abdullahi - In: Transition Studies Review 20 (2013) 2, pp. 265-284
The present paper analyzes the role of stock market, more specifically real stock prices and stock market uncertainty … determinants—real income, real stock prices, real lending rate and stock market volatility. In the long run, we document a positive … relation between aggregate investment and real stock prices and a negative relation between aggregate investment and stock …