Investigating the Nexus between Stock Exchange and Economic Growth in Ghana

Simple item page
dc.contributor.authorOfori-Abebrese, Grace
dc.contributor.authorKamasa, Kofi
dc.contributor.authorPickson, Robert Becker
dc.date.accessioned2018-06-04T16:13:54Z
dc.date.accessioned2023-04-19T00:38:01Z
dc.date.available2018-06-04T16:13:54Z
dc.date.available2023-04-19T00:38:01Z
dc.date.issued2016-03
dc.descriptionArticle published in the British Journal of Economics, Finance and Management Sciences, 2016en_US
dc.description.abstractThis study used ARDL model coupled with granger causality test to investigate the relationship between stock market development and economic growth in Ghana for the period from 1991 to 2011. The study revealed that stock market development has a negative impact on economic growth in the long-run and this was confirmed by the causality test that there do not exist any relationship between stock market development and economic growth in Ghana for the study period. Human capital and money supply have contributed positively to growth. Inflation and foreign direct investment have not shown to be deterministic variables to growth of the economy. The study concluded that operators of Ghana Stock Exchange should strategise well to attract more investors to the Stock Exchange. In addition, the independence of the Central Bank, further development of financial and money markets should be adhered to by the Bank of Ghana to facilitate the implementation of monetary policy in order to achieve price stability in the country.en_US
dc.description.sponsorshipKNUSTen_US
dc.identifier.citationBritish Journal of Economics, Finance and Management Sciences Vol. 11 (1)en_US
dc.identifier.issn2048-125X
dc.identifier.urihttps://ir.knust.edu.gh/handle/123456789/11268
dc.language.isoenen_US
dc.publisherBritish Journal of Economics, Finance and Management Sciencesen_US
dc.subjectStock market developmenten_US
dc.subjecteconomic growthen_US
dc.subjecthuman capitalen_US
dc.subjectinflationen_US
dc.subjectStock market development, econmoney supplyen_US
dc.subjectdirect investmenten_US
dc.titleInvestigating the Nexus between Stock Exchange and Economic Growth in Ghanaen_US
dc.typeArticleen_US
Files
Original bundle
Now showing 1 - 1 of 1
Thumbnail Image
Name:
Investigating_the_Nexus_between_Stock_Ex.pdf
Size:
240.34 KB
Format:
Adobe Portable Document Format
Description:
Download
License bundle
Now showing 1 - 2 of 2
Thumbnail Image
Name:
license.txt
Size:
1.73 KB
Format:
Item-specific license agreed to upon submission
Description:
Download
Thumbnail Image
Name:
license.txt
Size:
1.71 KB
Format:
Item-specific license agreed to upon submission
Description:
Download
Collections
Articles