Abstract

This study was undertaken to find out if the macroeconomic variables and institutions can account for stock market development and volatility on the Malawi Stock Exchange. The study employs a GARCH (1, 1) model with quarterly data from 1996q4 to 2012q1. The empirical results indicate that macroeconomic variables and institutional factors have significant impact on stock market development and volatility.

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School	: School of Law, Economics and Government
Issued Date	: 2013

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