Stock Market Performance and Economic Growth: Evidence from Nigeria Employing Vector Error Correction Model Framework

Stock Market Development and Economic Growth: Evidence from Developing Countries

This study examines the relationship between stock market development and economic growth for 21 emerging markets over 21 years, using a dynamic panel method. Results suggest a positive relationship between several indicators of the stock market performance and economic growth both directly, as well as indirectly by boosting private investment behavior. Thus they lend support both to the financ...

Stock Market Development and Economic Growth: Empirical Evidence from China

It is important to understand the interplay between stock market and real economy to figure out the various channels through which financial markets drive economic growth. In the current study we investigate this relationship for Chinese economy, the fastest growing and largest emerging economy in the world. Using the methodology of unit root testing in the presence of structural breaks and usi...

Does Stock Market Promote Economic Growth In Nigeria ?

The stock market is a common feature of a modern economy and it is reputed to perform some necessary functions, which promote the growth and development of the economy. This study examines whether stock market promotes economic growth in Nigeria. To achieve this objective, ordinary least squares regression (OLS) was employed using the data from 1980 to 2000. The results indicated that there is ...

Stock Market Performance and Sustainable Economic Growth in Nigeria: A Bounds Testing Co-integration Approach

The study examined the relationship between stock market performance and economic growth in Nigeria. It utilized the bounds testing co-integration procedure also known as autoregressive distributed lag estimation procedure. The empirical model combined key stock market indicators and some traditional macroeconomic variables to estimate the hypothesized relationship in the study. It found that i...

Banks, Stock Market And Economic Growth: The Case Of Iran