Stock market development and economic growth in kenya
Banks, stock market development and economic growth in Kenya: an empirical investigation
Please note that Internet Explorer version 8. Please refer to this blog post for more information.
The paper examines the long run and causal relationship between stock market development and economic growth for seven countries in sub-Saharan Africa.
Using the autoregressive distributed lag ARDL bounds test, the study finds that the stock market development is cointegrated with economic growth in Egypt and South Africa.
Banks, stock market development and economic growth in Kenya: an empirical investigation
Moreover, this test suggests that stock market development has a significant positive long run impact on economic growth. Granger causality test based on vector error correction model VECM further shows that stock market development Granger causes economic growth in Egypt and South Africa.
In Nigeria, there is a weak evidence of growth-led finance using market size as indicator stock market development and economic growth in kenya stock market development.
Based on these results, the paper argues that stock markets could help promote growth in Africa. However, to achieve this goal, African stock markets need to be further developed through appropriate regulatory and macroeconomic policies.
Journals Books Register Sign in Sign in using your ScienceDirect credentials Username.
Small Cap Leader - Free NASDAQ Stock Picks and Small Cap Stocks
Forgotten username or password? Sign active stock options nse via your institution OpenAthens Other institution Recent Institutions. Sign in using your ScienceDirect credentials Username.
JavaScript is disabled on your browser. Please enable JavaScript to use all the features on this page. Journal of Economics and Business Volume 61, Issue 2March—AprilPages Stock market development and economic growth: Evidence from seven sub-Sahara African countries.
Author links open the author workspace. Opens the author workspace Opens the author workspace Akinlo O.
Abstract The paper examines the long run and causal relationship between stock market development and economic growth for seven countries in sub-Saharan Africa. Keywords Stock market development. Check if you have access through your login credentials or your institution.
EFFECT OF STOCK MARKET DEVELOPMENT ON ECONOMIC GROWTH: A CASE OF NAIROBI SECURITIES EXCHANGE, KENYA. | School of Economics
Elsevier About ScienceDirect Remote access Shopping cart Contact and support Terms and conditions Privacy policy. Cookies are used by this site. For more information, visit the cookies page.