In this study, the relationship between Borsa Istanbul 100 Index (BIST-100), Investor Risk Appetite Index (RISE), and macroeconomic indicators are tried to be determined using Autoregressive Distributed Lag (ARDL) Bounds Testing Approach with monthly data covering the periods 01/2011-08/2022. Inflation and interest rate are used as macroeconomic indicators. By taking into account the unit root test results related to the stationary conditions of the series, an econometric model is founded in which the BIST-100 was selected as a dependent variable, and a cointegration relationship was determined. In addition, the parameters of the models were estimated and evaluated. In the long and shortterm forecast results, it was determined that the BIST-100 index is positively related to inflation and the RISE index, and negatively related to the interest rate.
BIST-100 Investor Appetite Index (RISE) Inflation Rate Interest Rate Autoregressive Distributed Lag (ARDL) Bounds Test.
Birincil Dil | İngilizce |
---|---|
Konular | İşletme |
Bölüm | Makaleler |
Yazarlar | |
Erken Görünüm Tarihi | 3 Ağustos 2022 |
Yayımlanma Tarihi | 31 Aralık 2022 |
Gönderilme Tarihi | 12 Ekim 2022 |
Kabul Tarihi | 14 Kasım 2022 |
Yayımlandığı Sayı | Yıl 2022 Cilt: 7 Sayı: 2 |
Bu eser Creative Commons Alıntı-GayriTicari-Türetilemez 4.0 Uluslararası Lisansı ile lisanslanmıştır.