The hash economic conditions in Zimbabwe, marred with perpetual cash cri- sis, little to no foreign direct investments (FDI's), high unemployment rates, absence of the Central Bank roles and local currency has piqued my interests to study the long-run relationship of capital market indices and macroeco- nomic variables, in such conditions. The literature review analysed dierent research work that were done in health economics about the same subject but with dierent variable matrix structure and methods. Most of the stud- ies conrmed the short/ long-run relationship between capital market indices and macroeconomic variables. An ARDL method was employed on the subject matter, and interesting re- sults were obtained that are at variance with most of the existing empirical results in the literature. For example, most of the studies conrmed a signi- cant relationship between the exchange rate, interest rate and stock index but this research showed otherwise. Moreover, this work lled the existing gap in the literature on the relationship between the mining index and macroeco- nomics variables. Furthermore, it has been noted that consumer price index and exchange rates have a negative long-run relationship with the mining index. A way for further research of this nature in countries with the same or similar economic conditions as of Zimbabwe has been set in motion and needed for an abstract conclusions on the variations noted by this work.
| Identifer | oai:union.ndltd.org:nusl.cz/oai:invenio.nusl.cz:431646 |
| Date | January 2017 |
| Creators | Mandigo, Naison |
| Source Sets | Czech ETDs |
| Language | English |
| Detected Language | English |
| Type | info:eu-repo/semantics/masterThesis |
| Rights | info:eu-repo/semantics/restrictedAccess |
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