International records / OpenAlex research

A Comparative Analysis of Macroeconomic Variables and Stock Market Performances in Africa (2000-2015)

The study aimed at evaluating the impact of macroeconomic variables on stock market performance in Africa from the period of 2000 to 2015.Four major African countries investigated were: Ghana, Kenya, South Africa and Nigeria.The specific objectives were to establish the extent to which GDP, inflation rate and real exchange rate affect the stock market performance represented by share price index.Time series data were employed and analyzed using multiple regression and t-test for hypotheses testing.With the use of SPSS software the result revealed negative impact of GDP, inflation and real exch…