Interaction between stock market development and economic growth: Evidence from developing countries

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Tarih

2015

Dergi Başlığı

Dergi ISSN

Cilt Başlığı

Yayıncı

Eskisehir Osmangazi Univ, Fac Education

Erişim Hakkı

info:eu-repo/semantics/closedAccess

Özet

The purpose of this study is to investigate the interaction between stock market development and economic growth in the case of seven developing countries between the 1989-2011 period. To this end we employed panel cointegration and panel causality tests to two different stock market development indicators representing stock markets depth and efficiency. Results indicate no long-run cointegration relationship between the variables in question. On the other hand, we have found causality between the variables.

Açıklama

Anahtar Kelimeler

financial development, stock markets, developing countries, economic growth, panel data

Kaynak

Eskisehir Osmangazi Universitesi Iibf Dergisi-Eskisehir Osmangazi University Journal of Economics and Administrative Sciences

WoS Q Değeri

N/A

Scopus Q Değeri

Cilt

10

Sayı

2

Künye