ECONOMETRIC ANALYSIS OF ASSESSING THE IMPACT OF THE SECONDARY SECURITIES MARKET ON THE STOCK MARKET INDEX OF UZBEKISTAN
Abstract
This paper presents an autoregressive distributed lag (ARDL) model to estimate the impact of secondary stock market capitalization, number of trades in the secondary stock market, and secondary stock market turnover on the stock market index. At the same time, based on econometric analysis, long-term and short-term connections between changes in the market turnover of secondary securities and the stock market index are described.
Keywords:
stock market index secondary market stock market turnover autoregressive distributed lag (ARDL) stock market dealsReferences
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