5Bollerslev, T. 1986 "Generalized autoregressive conditional heteroscedasticity", Journal of Econometrics,31,307~ 327.
6David Morelli 2002 "The relationship between conditional stock market volatility and conditional macroeconomic volatility Empirical evidence based on UK data", International Review of Financial Analysis, 11,101~ 110.
7Eva, L., Marianne, S. 1997"Macroeconomic volatility and stock market volatility: empirical evidence on Finnish data", Applied Financial Economics, 7,419~ 426.
8G. William Schwert 1989 "Why does stock market volatility change over time. , The Journal of Finance,Vol XLIV, No.5.
9Binswanger, M. Stock Market Booms and Real Economic Activity: Is This Time Different? International Review of Economics and Finance,2000 (9), pp. 387- 415.
10Canova, F., and G. De Nicolo. Stock Returns and Real Activity: A Structural Approach. European Economic Review, (39) 1995, pp.981 - 1015.