Macroeconomic indicators and the Johannesburg Stock Exchange Financial 15 Index nexus in South Africa
This study explores the macroeconomic indicators and the JSE Financial 15 index in South Africa using quarterly data from 2004Q1 to 2024Q4. A Vector Error Correction Model (VECM) is used to model short- and long-run linkages between the variables of the study, after unit root and structural break tests; Gran...