Stock market and economic growth : evidence from Africa

Detalhes bibliográficos
Autor(a) principal: Ferreira, Manuel Ennes
Data de Publicação: 2022
Outros Autores: Dias, João, Serafim, Jelson
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10400.5/24258
Resumo: We assessed the impact of stock market development on growth in Africa. It uses annual data from a panel of 9 countries in Africa over the period 1992–2017. Panel Vector Autoregressive econometrics technique is used in data analysis. Our main findings are that stock market development has a positive effect on economic growth. Investment, human capital, and openness also positively influence economic growth in Africa. The inflation and government expenditure affect economic growth negatively. The paper also finds that using the impulse response function, economic growth reacts to the stock market for 8 years and goes back to the initial level.
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spelling Stock market and economic growth : evidence from AfricaStock marketEconomic growthPanel vector autoregressiveWe assessed the impact of stock market development on growth in Africa. It uses annual data from a panel of 9 countries in Africa over the period 1992–2017. Panel Vector Autoregressive econometrics technique is used in data analysis. Our main findings are that stock market development has a positive effect on economic growth. Investment, human capital, and openness also positively influence economic growth in Africa. The inflation and government expenditure affect economic growth negatively. The paper also finds that using the impulse response function, economic growth reacts to the stock market for 8 years and goes back to the initial level.ISEG - REM - Research in Economics and MathematicsRepositório da Universidade de LisboaFerreira, Manuel EnnesDias, JoãoSerafim, Jelson2022-05-09T09:58:37Z2022-052022-05-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10400.5/24258engFerreira, Manuel Ennes, João Dias e Jelson Serafim (2022). "Stock market and economic growth : evidence from Africa". REM Working paper series, nº 0228/20222184-108Xinfo:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-03-06T14:53:55Zoai:www.repository.utl.pt:10400.5/24258Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T17:08:21.085660Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv Stock market and economic growth : evidence from Africa
title Stock market and economic growth : evidence from Africa
spellingShingle Stock market and economic growth : evidence from Africa
Ferreira, Manuel Ennes
Stock market
Economic growth
Panel vector autoregressive
title_short Stock market and economic growth : evidence from Africa
title_full Stock market and economic growth : evidence from Africa
title_fullStr Stock market and economic growth : evidence from Africa
title_full_unstemmed Stock market and economic growth : evidence from Africa
title_sort Stock market and economic growth : evidence from Africa
author Ferreira, Manuel Ennes
author_facet Ferreira, Manuel Ennes
Dias, João
Serafim, Jelson
author_role author
author2 Dias, João
Serafim, Jelson
author2_role author
author
dc.contributor.none.fl_str_mv Repositório da Universidade de Lisboa
dc.contributor.author.fl_str_mv Ferreira, Manuel Ennes
Dias, João
Serafim, Jelson
dc.subject.por.fl_str_mv Stock market
Economic growth
Panel vector autoregressive
topic Stock market
Economic growth
Panel vector autoregressive
description We assessed the impact of stock market development on growth in Africa. It uses annual data from a panel of 9 countries in Africa over the period 1992–2017. Panel Vector Autoregressive econometrics technique is used in data analysis. Our main findings are that stock market development has a positive effect on economic growth. Investment, human capital, and openness also positively influence economic growth in Africa. The inflation and government expenditure affect economic growth negatively. The paper also finds that using the impulse response function, economic growth reacts to the stock market for 8 years and goes back to the initial level.
publishDate 2022
dc.date.none.fl_str_mv 2022-05-09T09:58:37Z
2022-05
2022-05-01T00:00:00Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10400.5/24258
url http://hdl.handle.net/10400.5/24258
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv Ferreira, Manuel Ennes, João Dias e Jelson Serafim (2022). "Stock market and economic growth : evidence from Africa". REM Working paper series, nº 0228/2022
2184-108X
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv ISEG - REM - Research in Economics and Mathematics
publisher.none.fl_str_mv ISEG - REM - Research in Economics and Mathematics
dc.source.none.fl_str_mv reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron:RCAAP
instname_str Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron_str RCAAP
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reponame_str Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
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repository.name.fl_str_mv Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
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