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

被引：0
|
作者：
Gozbasi, Onur [1 ]
机构：
[1] Nuh Naci Yazgan Univ, IIBF, Isletme Bolumu, Kayseri, Turkey
来源：
ESKISEHIR OSMANGAZI UNIVERSITESI IIBF DERGISI-ESKISEHIR OSMANGAZI UNIVERSITY JOURNAL OF ECONOMICS AND ADMINISTRATIVE SCIENCES | 2015年 / 10卷 / 02期
关键词：
financial development; stock markets; developing countries; economic growth; panel data;
D O I：
暂无
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
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.
引用
收藏
页码：269 / 284
页数：16
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