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STOCK MARKET DEVELOPMENT AND ECONOMIC GROWTH: EVIDENCE FROM ZIMBABWE

Bernard O. Ishioro   ORCID icon orcid.org/0000-0002-8072-6631 ; Department of Economics, Delta State University, Abraka, Nigeria

Puni tekst: engleski, pdf (826 KB) str. 343-360 preuzimanja: 4.407* citiraj
APA 6th Edition
Ishioro, B.O. (2013). STOCK MARKET DEVELOPMENT AND ECONOMIC GROWTH: EVIDENCE FROM ZIMBABWE. Ekonomska misao i praksa, (2), 343-360. Preuzeto s https://hrcak.srce.hr/112603
MLA 8th Edition
Ishioro, Bernard O.. "STOCK MARKET DEVELOPMENT AND ECONOMIC GROWTH: EVIDENCE FROM ZIMBABWE." Ekonomska misao i praksa, vol. , br. 2, 2013, str. 343-360. https://hrcak.srce.hr/112603. Citirano 27.11.2020.
Chicago 17th Edition
Ishioro, Bernard O.. "STOCK MARKET DEVELOPMENT AND ECONOMIC GROWTH: EVIDENCE FROM ZIMBABWE." Ekonomska misao i praksa , br. 2 (2013): 343-360. https://hrcak.srce.hr/112603
Harvard
Ishioro, B.O. (2013). 'STOCK MARKET DEVELOPMENT AND ECONOMIC GROWTH: EVIDENCE FROM ZIMBABWE', Ekonomska misao i praksa, (2), str. 343-360. Preuzeto s: https://hrcak.srce.hr/112603 (Datum pristupa: 27.11.2020.)
Vancouver
Ishioro BO. STOCK MARKET DEVELOPMENT AND ECONOMIC GROWTH: EVIDENCE FROM ZIMBABWE. Ekonomska misao i praksa [Internet]. 2013 [pristupljeno 27.11.2020.];(2):343-360. Dostupno na: https://hrcak.srce.hr/112603
IEEE
B.O. Ishioro, "STOCK MARKET DEVELOPMENT AND ECONOMIC GROWTH: EVIDENCE FROM ZIMBABWE", Ekonomska misao i praksa, vol., br. 2, str. 343-360, 2013. [Online]. Dostupno na: https://hrcak.srce.hr/112603. [Citirano: 27.11.2020.]

Sažetak
The study explores the causal linkage between stock market development and economic growth in Zimbabwe for the period 1990:I to 2010:IV. Applying the Augmented Dickey Fuller(ADF) unit root tests and the long-run Grangernon-causality estimation technique proposed by Toda and Yamamoto (1995), we tested the nature and direction of the causality between economic growth proxy by the real GDP growth rate and stock market development proxy by real market capitalization, value traded ratio and stock market volatility; and found that in line with the supply leading hypothesis- a bi-directional causality exists between economic growth and stock market development. The study recommends that both economy planners and stock market managers should ensure that the market and economy should be stimulated to grow at an increasingly consistent rate.

Ključne riječi
Stock Market Development; Economic Growth; Causality Tests; Zimbabwe

Hrčak ID: 112603

URI
https://hrcak.srce.hr/112603

Posjeta: 4.668 *