Capital market and the determinants of development in the Republic of Macedonia
Journal
Economic Development, Journal of the Institute of Economics – Skopje
Date Issued
2017-02
Author(s)
Djambaska, Elizabeta
Abstract
This paper considers the capital market in the Republic of Macedonia. The analysis identifies and explains whether capital market development is influenced by economic growth. The focus of the paper is to
determine the effects of different factors on the capital market development in the Republic of Macedonia. For these purpose a multivariate linear regression is conducted using the data from 1997-2013. The analysis
indicates that the capital market in the Republic of Macedonia is small
and underdeveloped. Therefore the economic growth factors taken into
consideration for the research have not shown considerable impact on the
capital market due to its underdevelopment.
determine the effects of different factors on the capital market development in the Republic of Macedonia. For these purpose a multivariate linear regression is conducted using the data from 1997-2013. The analysis
indicates that the capital market in the Republic of Macedonia is small
and underdeveloped. Therefore the economic growth factors taken into
consideration for the research have not shown considerable impact on the
capital market due to its underdevelopment.
Subjects
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