Home  Journals  Economic Analysis: Theory and Practice  19(370) - 2014 May

Influence of the market of gold on stock markets of the BRIC countries

Available online: 11 May 2014

Subject Heading: INNOVATION AND INVESTMENT

JEL Classification: 

Pages: 12-18

On the basis of an econometric analysis the authors consider the influence of gold on the behavior of the stock markets of the BRIC countries. The study reveals strong relationship of gold price and stock markets of the BRIC countries. However, the Granger causality test does not help to reveal the influence's directions.

Keywords: gold price, stock market, BRIC countries

References:

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