Stock Market Performance and Economic Growth Nexus: A Panacea or Pain to Ghana?
Author
Abstract
Suggested Citation
Download full text from publisher
References listed on IDEAS
- Romer, Paul M, 1986.
"Increasing Returns and Long-run Growth,"
Journal of Political Economy, University of Chicago Press, vol. 94(5), pages 1002-1037, October.
- Paul M Romer, 1999. "Increasing Returns and Long-Run Growth," Levine's Working Paper Archive 2232, David K. Levine.
- Mayer, Colin, 1988.
"New issues in corporate finance,"
European Economic Review, Elsevier, vol. 32(5), pages 1167-1183, June.
- Mayer, Colin, 1987. "New Issues in Corporate Finance," CEPR Discussion Papers 181, C.E.P.R. Discussion Papers.
- Obstfeld, Maurice, 1994.
"Risk-Taking, Global Diversification, and Growth,"
American Economic Review, American Economic Association, vol. 84(5), pages 1310-1329, December.
- Maurice Obstfeld, 1992. "Risk-taking, global diversification, and growth," Discussion Paper / Institute for Empirical Macroeconomics 61, Federal Reserve Bank of Minneapolis.
- Obstfeld, Maurice, 1993. "Risk-Taking, Global Diversification, and Growth," Center for International and Development Economics Research (CIDER) Working Papers 233197, University of California-Berkeley, Department of Economics.
- Obstfeld, Maurice, 1992. "Risk-Taking, Global Diversification, and Growth," CEPR Discussion Papers 688, C.E.P.R. Discussion Papers.
- Maurice Obstfeld., 1993. "Risk-Taking, Global Diversification, and Growth," Center for International and Development Economics Research (CIDER) Working Papers C93-016, University of California at Berkeley.
- Maurice Obstfeld, 1992. "Risk-Taking, Global Diversification, and Growth," NBER Working Papers 4093, National Bureau of Economic Research, Inc.
- Levine, Ross & Zervos, Sara, 1996.
"Stock Market Development and Long-Run Growth,"
The World Bank Economic Review, World Bank, vol. 10(2), pages 323-339, May.
- Levine, Ross & Zervos, Sara, 1996. "Stock market development and long-run growth," Policy Research Working Paper Series 1582, The World Bank.
- Greenwood, Jeremy & Smith, Bruce D., 1997.
"Financial markets in development, and the development of financial markets,"
Journal of Economic Dynamics and Control, Elsevier, vol. 21(1), pages 145-181, January.
- Greenwood, J. & Smith, B.D., 1995. "Financial Markets in Development, and the Development of Financial Markets," RCER Working Papers 406, University of Rochester - Center for Economic Research (RCER).
- Rousseau, Peter L & Wachtel, Paul, 1998. "Financial Intermediation and Economic Performance: Historical Evidence from Five Industrialized Countries," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 30(4), pages 657-678, November.
- Greenwood, Jeremy & Jovanovic, Boyan, 1990.
"Financial Development, Growth, and the Distribution of Income,"
Journal of Political Economy, University of Chicago Press, vol. 98(5), pages 1076-1107, October.
- Greenwood, Jeremy & Jovanovic, Boyan, 1988. "Financial Development, Growth, And The Distribution Of Income," Working Papers 88-12, C.V. Starr Center for Applied Economics, New York University.
- Jeremy Greenwood & Boyan Jovanovic, 1990. "Financial Development, Growth, and the Distribution of Income," University of Western Ontario, Departmental Research Report Series 9002, University of Western Ontario, Department of Economics.
- Greenwood, J. & Jovanovic, B., 1990. "Financial Development, Growth, And The Distribution Of Income," University of Western Ontario, The Centre for the Study of International Economic Relations Working Papers 9002, University of Western Ontario, The Centre for the Study of International Economic Relations.
- Jeremy Greenwood & Boyan Jovanovic, 1989. "Financial Development, Growth, and the Distribution of Income," NBER Working Papers 3189, National Bureau of Economic Research, Inc.
- Greenwood, J. & Jovanovic, B., 1988. "Financial Development, Growth, And The Distribution Of Income," RCER Working Papers 131, University of Rochester - Center for Economic Research (RCER).
- Raymond K DZIWORNU & Dadson AWUNYO-VITOR, 2013. "Stock Exchange Performance and Economic Growth in Ghana: Is There A Causal Link?," Asian Journal of Empirical Research, Asian Economic and Social Society, vol. 3(9), pages 1152-1165.
- Lucas, Robert Jr., 1988. "On the mechanics of economic development," Journal of Monetary Economics, Elsevier, vol. 22(1), pages 3-42, July.
- Valerie R. Bencivenga & Bruce D. Smith, 1991.
"Financial Intermediation and Endogenous Growth,"
The Review of Economic Studies, Review of Economic Studies Ltd, vol. 58(2), pages 195-209.
- Bencivenga, V.R. & Smith, B.D., 1988. "Financial Intermediation And Endogenous Growth," RCER Working Papers 124, University of Rochester - Center for Economic Research (RCER).
- Devereux, Michael B & Smith, Gregor W, 1994.
"International Risk Sharing and Economic Growth,"
International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 35(3), pages 535-550, August.
- Michael B. Devereux & Gregor W. Smith, 1991. "International Risk Sharing and Economic Growth," Working Paper 829, Economics Department, Queen's University.
- Serra, Narcis & Stiglitz, Joseph E. (ed.), 2008. "The Washington Consensus Reconsidered: Towards a New Global Governance," OUP Catalogue, Oxford University Press, number 9780199534098.
- Felicia O. Olokoyo & Oyakhilome W. Ibhagui & Abiola Babajide, 2020. "Macroeconomic indicators and capital market performance: Are the links sustainable?," Cogent Business & Management, Taylor & Francis Journals, vol. 7(1), pages 1792258-179, January.
- M. Imam Alam & Tanweer Hasan, 2003. "The Causality Between Stock Market Development And Economic Growth: Evidence From The United States," Studies in Economics and Finance, Emerald Group Publishing Limited, vol. 21(1), pages 93-104, January.
- Andreas Hornstein & Per Krusell, 1996. "Can Technology Improvements Cause Productivity Slowdowns?," NBER Chapters, in: NBER Macroeconomics Annual 1996, Volume 11, pages 209-276, National Bureau of Economic Research, Inc.
- Raymond K. DZIWORNU & Dadson AWUNYO-VITOR, 2013. "Stock Exchange Performance and Economic Growth in Ghana: Is There A Causal Link?," Asian Journal of Empirical Research, Asian Economic and Social Society, vol. 3(9), pages 1152-1165, September.
- Ekrem Erdem & Onur Gozbasi & M. Fatih Ilgun & Saban Nazlioglu, 2010. "Stock market and economic growth nexus in emerging markets: cointegration and causality analysis," International Journal of Business Forecasting and Marketing Intelligence, Inderscience Enterprises Ltd, vol. 1(3/4), pages 262-274.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Christie Dike, 2016. "Stock Market Efficiency Promotes Economic Development: Empirical Evidence from Africa," International Journal of Economics and Financial Issues, Econjournals, vol. 6(3), pages 1287-1298.
- Hondroyiannis, George & Lolos, Sarantis & Papapetrou, Evangelia, 2005. "Financial markets and economic growth in Greece, 1986-1999," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 15(2), pages 173-188, April.
- Levine, Ross & Zervos, Sara, 1998.
"Stock Markets, Banks, and Economic Growth,"
American Economic Review, American Economic Association, vol. 88(3), pages 537-558, June.
- Ross Levine & Sara Zervos, "undated". "Stock markets, banks and economic growth ," CERF Discussion Paper Series 95-11, Economics and Finance Section, School of Social Sciences, Brunel University.
- Levine, Ross & Zervos, Sara, 1996. "Stock markets, banks, and economic growth," Policy Research Working Paper Series 1690, The World Bank.
- Alessandro Giovannini & Maurizio Iacopetta & Raoul Minetti, 2013.
"Financial Markets, Banks, and Growth : Disentangling the links,"
Revue de l'OFCE, Presses de Sciences-Po, vol. 0(5), pages 105-147.
- Alessandro Giovannini & Maurizio Iacopetta & Raoul Minetti, 2013. "Financial Markets Banks and Growth: Disentangling the Links," SciencePo Working papers Main hal-03460718, HAL.
- Alessandro Giovannini & Maurizio Iacopetta & Raoul Minetti, 2013. "Financial markets, Banks, and Growth : disentangling the links," Documents de Travail de l'OFCE 2013-23, Observatoire Francais des Conjonctures Economiques (OFCE).
- Alessandro Giovannini & Maurizio Iacopetta & Raoul Minetti, 2013. "Financial Markets, Banks, and Growth : Disentangling the links," SciencePo Working papers Main halshs-01948038, HAL.
- Alessandro Giovannini & Maurizio Iacopetta & Raoul Minetti, 2013. "Financial Markets, Banks, and Growth : Disentangling the links," Post-Print halshs-01948038, HAL.
- Alessandro Giovannini & Maurizio Iacopetta & Raoul Minetti, 2013. "Financial Markets Banks and Growth: Disentangling the Links," Working Papers hal-03460718, HAL.
- Alberto Bucci & Simone Marsiglio, 2019.
"Financial development and economic growth: long‐run equilibrium and transitional dynamics,"
Scottish Journal of Political Economy, Scottish Economic Society, vol. 66(3), pages 331-359, July.
- Alberto BUCCI & Simone MARSIGLIO, 2016. "Financial Development and Economic Growth: Long Run Equilibrium and Transitional Dynamics," Departmental Working Papers 2016-16, Department of Economics, Management and Quantitative Methods at Università degli Studi di Milano.
- Miguel-Ángel Galindo Martín & Francisco Sotos & María Picazo, 2007. "Value at Risk and Economic Growth," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 13(2), pages 214-221, May.
- Rudra P. Pradhan & Mak B. Arvin & John H. Hall & Sahar Bahmani, 2014.
"Causal nexus between economic growth, banking sector development, stock market development, and other macroeconomic variables: The case of ASEAN countries,"
Review of Financial Economics, John Wiley & Sons, vol. 23(4), pages 155-173, November.
- Pradhan, Rudra P. & Arvin, Mak B. & Hall, John H. & Bahmani, Sahar, 2014. "Causal nexus between economic growth, banking sector development, stock market development, and other macroeconomic variables: The case of ASEAN countries," Review of Financial Economics, Elsevier, vol. 23(4), pages 155-173.
- repec:kap:iaecre:v:13:y:2007:i:2:p:214-221 is not listed on IDEAS
- Salvatore Capasso, 2006. "Stock Market Development and Economic Growth," WIDER Working Paper Series RP2006-102, World Institute for Development Economic Research (UNU-WIDER).
- Samargandi, Nahla & Fidrmuc, Jan & Ghosh, Sugata, 2015.
"Is the Relationship Between Financial Development and Economic Growth Monotonic? Evidence from a Sample of Middle-Income Countries,"
World Development, Elsevier, vol. 68(C), pages 66-81.
- Nahla Samargandi & Jan Fidrmuc & Sugata Ghosh, 2014. "Is the Relationship between Financial Development and Economic Growth Monotonic? Evidence from a Sample of Middle Income Countries," CESifo Working Paper Series 4743, CESifo.
- Beck, Thorsten & Levine, Ross & Loayza, Norman, 2000.
"Finance and the sources of growth,"
Journal of Financial Economics, Elsevier, vol. 58(1-2), pages 261-300.
- Beck,Thorsten & Levine,Ross Eric & Loayza,Norman V., 1999. "Finance and the sources of growth," Policy Research Working Paper Series 2057, The World Bank.
- Laurent Cavenaile & Christian Gengenbach & Franz Palm, 2014.
"Stock Markets, Banks and Long Run Economic Growth: A Panel Cointegration-Based Analysis,"
De Economist, Springer, vol. 162(1), pages 19-40, March.
- Laurent Cavenaile & Christian Gengenbach & Franz Palm, 2011. "Stock Markets, Banks and Long Run Economic Growth: A Panel Cointegration-Based Analysis," CREPP Working Papers 1102, Centre de Recherche en Economie Publique et de la Population (CREPP) (Research Center on Public and Population Economics) HEC-Management School, University of Liège.
- Laurent Cavenaile & Christian Gengenbach & Franz Palm, 2013. "Stock Markets, Banks and Long Run Economics Growth: A Panel Cointegration-Based Analysis," CESifo Working Paper Series 4513, CESifo.
- Chu, Lan Khanh & Chu, Hung Viet, 2020. "Is too much liquidity harmful to economic growth?," The Quarterly Review of Economics and Finance, Elsevier, vol. 76(C), pages 230-242.
- Clemens, Christiane & Soretz, Susanne, 1999. "Konsequenzen des Zins- und Einkommensrisikos auf das wirtschaftliche Wachstum," Hannover Economic Papers (HEP) dp-221, Leibniz Universität Hannover, Wirtschaftswissenschaftliche Fakultät.
- Siddiki, Jalal Uddin & Auerbach, Paul, 2000. "Economic development, finance and liberalisation: a survey and some unresolved issues," Economics Discussion Papers 2000-6, School of Economics, Kingston University London.
- Baotai Wang & D. Ajit, 2013. "Stock Market and Economic Growth in China," Economics Bulletin, AccessEcon, vol. 33(1), pages 95-103.
- Alomar, Ibrahim, 2005. "الدور التنموي للمصارف والوسطاء الماليين [Develpmental Role of Banks and Financial Intermediaries]," MPRA Paper 18798, University Library of Munich, Germany.
- Kar, Muhsin & NazlIoglu, Saban & AgIr, Hüseyin, 2011.
"Financial development and economic growth nexus in the MENA countries: Bootstrap panel granger causality analysis,"
Economic Modelling, Elsevier, vol. 28(1-2), pages 685-693, January.
- Kar, Muhsin & Nazlıoğlu, Şaban & Ağır, Hüseyin, 2011. "Financial development and economic growth nexus in the MENA countries: Bootstrap panel granger causality analysis," Economic Modelling, Elsevier, vol. 28(1), pages 685-693.
- John C. Anyanwu, 1998. "Stock Market Development And Economic Growth in Nigeria," Vision, , vol. 2(1), pages 33-38, January.
- ABOUDOU Maman Tachiwou, 2009. "Causality tests between stock market development and economic growth in West African Monetary Union," Economia. Seria Management, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 12(2), pages 14-27, December.
- Muhammad Arshad Khan & Abdul Qayyum, 2006.
"Trade Liberalisation, Financial Sector Reforms, and Growth,"
The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 45(4), pages 711-731.
- Khan, M. Arshad & Qayyum, Abdul, 2006. "Trade Liberalization, Financial Sector Reforms and Growth," MPRA Paper 2655, University Library of Munich, Germany, revised 2006.
Corrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bcp:journl:v:5:y:2021:i:4:p:423-429. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Dr. Pawan Verma (email available below). General contact details of provider: https://rsisinternational.org/journals/ijriss/ .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.