Tonmo Simplice Gael, NZONGANG Joseph

Stock Market Development and Economic Growth in Africa

Are stock markets in Africa a well-planned economic necessity or simply an image and political follow up effect?

• Broschiertes Buch

Produktbeschreibung

The objective of this works to empirically assess the development of stock markets in African countries and determine their impact on economic growth. The results show that the relationship between the financial market and economic growth varies according to the indicator used and age. The results also suggest that there is a significant impact of market size as measured by market capitalization on economic growth. Economic growth is measured by the growth rate of real Gross Domestic Product per capita. The two other indicators of stock market development, namely the volume turnover rate and stock market liquidity, do not have a significant impact on real GDP per capita for new markets. When old markets are taken into account, a significant influence of liquidity and the turnover ratio on economic growth is observed. Also, for the young financial markets, a positive influence of growth on the financial market is also observed.

Produktdetails

• Verlag: LAP Lambert Academic Publishing
• Seitenzahl: 52
• Erscheinungstermin: 6. November 2020
• Englisch
• Abmessung: 220mm x 150mm x 4mm
• Gewicht: 96g
• ISBN-13: 9786202922739
• ISBN-10: 6202922737
• Artikelnr.: 60684461

Autorenporträt

The authors are passionate researchers of market finance issues, particularly in the African context. What are the determinants of stock market performance in Africa? What is the role of institutions in the efficiency of stock markets in Africa? These are some of the issues that the authors address in their work.