Role of stock market in economic growth and development

Determinants of economic growth in Hong Kong: The role of stock market development Sin-Yu Ho1* Abstract: We assessed the impact of stock market development on growth in Hong Kong for the period 1986Q2 to 2015Q4. By constructing a composite index of stock market development and controlling for the key determinants of growth, we found

Stock market development has an key role to play in economic development. Shahbaz, et al(2008) argue that stock market development is an imp 14 Aug 2018 the role of stock markets in the economy widely open for further probing. impact of stock market development on growth in Hong Kong. 7 Sep 2017 The UNCTAD/WFE report also highlights the importance of SMEs in economic development and provides an overview of the current SME  To identify the direction and nature of the causality between stock market development and economic growth. 4. To investigate the role of financial intermediaries  Stock exchanges play a vital role in the functioning of the economy by providing the backbone to a modern nation's economic infrastructure. Stock exchanges  income economies. On the basis of market capitalization groupings, stock market developments play a significant role in growth only for moderately capitalized  12 Oct 2019 The importance of the relationship between the development of financial markets and economic growth is well recognized throughout the 

Feb 29, 2012 · The results of the study suggest a positive links between the stock market and economic growth for some countries for which the stock market is liquid and highly active. However, the causality relationship is rejected for the countries in which the stock market …

Stock Market Development and Economic Growth: The … stock market development and economic growth: the causal linkage 37 market is an omitted variable in the causal nexus, then, depending upon the precise details of that nexus, inferences drawn from bivariate tests may be invalid. The Role of Stock Market Development in Economic Growth ... "The Role of Stock Market Development in Economic Growth: Evidence from Some Euronext Countries," International Journal of Financial Research, International Journal of Financial Research, Sciedu Press, vol. 1(1), pages 14-20, December.

Jul 13, 2017 · This paper examines the empirical relationship between stock market development and economic growth in Nepal over the period of 22 years from 1993 to 2014. The long-run and short-run elasticities were estimated by the use of autoregressive distributed lag (ARDL) bounds testing approach for co-integration analysis. The economic growth has been measured by real GDP per capita, and stock market

growth in the long-run. The Granger causality test showed that economic growth promotes stock market development, but there is evidence of causality running from stock market development to economic growth. This result is consistent with theoretical postulation which suggests that stock market development have a key role to AN ANALYSIS OF THE IMPACT OF STOCK MARKET … AN ANALYSIS OF THE IMPACT OF STOCK MARKET DEVELOPMENT ON ECONOMIC GROWTH IN NIGERIA The mobilization of resources for national development has long been the crucial focus of development economists. This is because, for sustainable growth and development to take place, funds must be effectively mobilized and allocated to enable business and the economy …

Utilizing time series methods and data from five developed economies, we examine the relationship between stock market development and economic growth, 

Levine, Zervos, 1996 and Demigurc Kunt and Levine, 1996 carried out their analysis focusing on stock market indicators and demonstrated the existence of a causal relation between stock market development and economic growth. Stock market development facilitates the access of investors to financial resources and stimulates efficient allocation of resources, boosting both … The Role of Stock Exchanges in Fostering Economic Growth ... The Role of Stock Exchanges in Fostering Economic Growth and Sustainable Development 2. Preface. Economic growth and development is an aspira- tion: it is a mechanism to alleviate poverty, to give opportunity to those who do not yet have … What is the Role of Stock Markets in the Economic Growth ... The role of stock markets as a source of economic growth has been widely debated. It is well recognised that stock markets influence economic activity through the creation of liquidity. Liquid financial market was an important enabling factor behind most of the early innovations that characterised the early phases of the Industrial Revolution. The Effects of Stock Market on Economic Growth and ... The Effects of Stock Market on Economic Growth and Development of Nigeria Popoola, Oladayo Timothy Department Of Economics, Ahmadu Bello University, Zaria, Nigeria poladayo@gmail.com Abstract This research study seeks to examine whether the stock market promotes economic growth and development in Nigeria.

11 Jul 2013 Implications for Governments, Regulators,Stock Exchanges, Corporate Issuers and their Investors. OECD Corporate Governance Working Papers 

21 Sep 2017 The Nigerian Stock Market is considered to be the third largest in Africa and has a strong effect on the development of the Nigerian economy. and growth literature that stock market development is beneficial to economic the Schumpeterian view of the role of creative destruction in economic growth. 2 Aug 2018 nexus stock market development-led economic growth (see for example, King The role of financial development in financial innovation also. 11 Jul 2013 Implications for Governments, Regulators,Stock Exchanges, Corporate Issuers and their Investors. OECD Corporate Governance Working Papers 

AN ANALYSIS OF THE IMPACT OF STOCK MARKET DEVELOPMENT ON ECONOMIC GROWTH IN NIGERIA The mobilization of resources for national development has long been the crucial focus of development economists. This is because, for sustainable growth and development to take place, funds must be effectively mobilized and allocated to enable business and the economy … Stock Market Development and Economic Growth in Nepal: An ... Jul 13, 2017 · This paper examines the empirical relationship between stock market development and economic growth in Nepal over the period of 22 years from 1993 to 2014. The long-run and short-run elasticities were estimated by the use of autoregressive distributed lag (ARDL) bounds testing approach for co-integration analysis. The economic growth has been measured by real GDP per capita, and stock market Revisiting endogeneity among foreign direct investment ... This study investigates the endogeneity among foreign direct investment, economic growth, and stock market development, along with the moderating role of political instability on the relationship among foreign direct investment, economic growth, and stock market development. An analysis of the impact of stock market development on ... Aug 28, 2016 · AN ANALYSIS OF THE IMPACT OF STOCK MARKET DEVELOPMENT ON ECONOMIC GROWTH IN NIGERIA. The mobilization of resources for national development has long been the crucial focus of development economists. This is because, for sustainable growth and development to take place, funds must be effectively mobilized and allocated to enable business and the economy …