Contribution of Stock Market Development on Economic Growth of Nepal

نویسندگان

چکیده

The paper is to analyze the contribution of stock market development on economic growth Nepal. A well-developed could promote volume domestic savings, saving mobilization, capital formation, and efficient allocation in productive sectors economy that ultimately helps for increasing income, output, employment thereby enhance nation. study followed quantitative analysis deductive method by using secondary data 27 years from 1994 2021. It used ARDL model, co-integration test, bound CUSUM, CUSUMQ test analysis. employs real gross product as a proxy variable while broad money supply, capitalization, turnover, NEPSE index, listed companies are taken indicator development. found there significant capitalization index GDP. But, weak turnover GDP indicates liquidity problem Nepalese market. concludes has Hence, it suggested policymakers should think about

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ژورنال

عنوان ژورنال: The Economic journal of Nepal

سال: 2021

ISSN: ['1018-631X']

DOI: https://doi.org/10.3126/ejon.v44i1-2.55025