Year: 2025
Type: article
Abstract: This study aims to review the literature on the relationship between the stock market and macroeconomic variables. Given the stock market’s role in driving economic activity, understanding this interaction is critical for investors, policymakers, and economists. The research uses bibliometric analysis to explore the current literature, identify trends, and map the intellectual landscape. Using Scopus data from 1979 to 2023, 867 publications were analyzed with Bibliophagy, a tool in R’s Bibliometrics package, automating the identification of influential journals, authors, and themes. Citation analysis, co-citation analysis, and social network analysis further provided insights into the academic discourse. The findings show that the relationship between macroeconomic variables and stock markets has evolved with changing economic conditions. This study also identifies research gaps and suggests future studies focus on specific industries to understand better how macroeconomic factors impact different economic segments.
DOI: 10.59400/fefs2026
Authors: Sanjay Singh Chauhan, Pradeep Suri, Farman Ali, Amit Joshi
Institution: Uttaranchal University
Language: English
Subfield: Finance
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W4409204388