Gozbasi, Onur2025-02-242025-02-2420151306-6730https://hdl.handle.net/20.500.14440/754The 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.trinfo:eu-repo/semantics/closedAccessfinancial developmentstock marketsdeveloping countrieseconomic growthpanel dataArticle284226910WOS:000441976100014N/A