دانلود رایگان مقاله الزویر در مورد تاثیر بازار سهام بر رشد اقتصادی (کلیک کنید)
توضیحات :
وبسایت مکاله اقدام به ارائه پروژه ی ساینس دایرکت با فرمت pdf، از انتشارات الزویر برای رشته علوم اقتصادی، و با عنوان تاثیر بازار سهام بر رشد اقتصادی، نموده است.
مشخصات این مقاله :
عنوان مقاله :
Stock market development and economic growth: Evidence from seven sub-Sahara African countries
ترجمه فارسی عنوان :
توسعه بازار سهام و رشد اقتصادی : شواهد از هفت کشور در جنوب صحرای آفریقا
سال انتشار : 2009
متعلق به مجله یا ژورنال : مجله اقتصاد و کسب و کار – Journal of Economics and Business
فرمت: PDF
تعداد صفحات: 10
شماره پروژه: 5113
کلمات کلیدی :
Stock market development,Economic growth,Causality,ARDL and sub-Saharan
توسعه بازار سهام ، رشد اقتصادی، علیت، ARDL و سابسحاران
چکیده :
Abstract
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. 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. However, Granger causality in the context of VAR shows evidence of bidirectional relationship between stock market development and economic growth for Cote D’Ivoire, Kenya, Morocco and Zimbabwe.In Nigeria, there is a weak evidence of growth-led finance using market size as indicator of 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.
مقدمه این مقاله :
Introduction
The relationship between financial development and economic growth has been debated quite extensively in the literature, yet the direction of causality relationship remains unresolved. The debate has focused on whether financial development causes economic growth or economic growth causes financial development or whether a two-way relationship exists.
توجه :
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دانلود رایگان مقاله الزویر در مورد تاثیر بازار سهام بر رشد اقتصادی (کلیک کنید)
