Does the Philippine stock market respond to domestic economic fundamentals and regional equities markets? An ARDL bound testing approach

• Main Author: Tomaliwan, Maria Fonseca D.
• Format: text
• Published: Animo Repository 2016
• Subjects: Stock exchanges—Philippines; Philippines—Economic conditions; Southeast Asia—Economic conditions; Economics; Macroeconomics
• Online Access: https://animorepository.dlsu.edu.ph/faculty_research/5793; https://www.dlsu.edu.ph/wp-content/uploads/pdf/conferences/research-congress-proceedings/2016/EBM/EBM-I-05.pdf
• Institution: De La Salle University

This paper aims to study the impact of domestic macroeconomic factors, regional and advanced economies’ equity markets on the Philippine stock market behavior. Monthly data from January 2006 to December 2013 of four macroeconomic variables namely industrial production index, money supply, short term...