How does the development of private equity capital markets affect economic growth in developing countries?

Detalhes bibliográficos
Autor(a) principal: Reimers, Max Rene
Data de Publicação: 2020
Tipo de documento: Dissertação
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10400.5/20641
Resumo: Mestrado em Economia Monetária e Financeira
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spelling How does the development of private equity capital markets affect economic growth in developing countries?African stock exchangeEconomic growthMarket opennessMestrado em Economia Monetária e FinanceiraThis dissertation provides insights on the introduction of private equity capital markets and its effect on economic growth in African countries. We address this issue by focusing on stock exchange markets as the predominant type of new equity markets. The dissertation deep dives into the effects of the implementation of stock markets by focusing on the GDP per capita and on GDP per capita growth. It uses the Diff-in-Diff regression method. The analysis uses a panel data set on 48 Sub-Saharan countries over the time range of 1970-2018. 23 countries are part of the "treated" group, which introduced international stock exchanges, and 25 "untreated" countries serve as control group. Further, I will investigate the impact of new stock exchange markets on each year to follow their introduction until year 10. The results are rather interesting. Compared to the time period prior to the introduction of stock exchange markets, GDP per capita rises by the amount of 532 US$ (around 40% of the Sub-Saharan average) after the introduction in treated countries. The coefficient is significant on a 5% level. In the 10 years post introduction, the effect is hump-shaped, with effects becoming statistically significant from the first year after implementation and peaking in year 5 and no statistically significant effect from year 6 onwards.Instituto Superior de Economia e GestãoAfonso, AntónioRepositório da Universidade de LisboaReimers, Max Rene2020-12-13T18:01:36Z2020-102020-10-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesisapplication/pdfhttp://hdl.handle.net/10400.5/20641engReimers, Max Rene (2020). "How does the development of private equity capital markets affect economic growth in developing countries?". Dissertação de Mestrado. Universidade de Lisboa. Instituto Superior de Economia e Gestão.info: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:RCAAP2023-03-06T14:50:04ZPortal AgregadorONG
dc.title.none.fl_str_mv How does the development of private equity capital markets affect economic growth in developing countries?
title How does the development of private equity capital markets affect economic growth in developing countries?
spellingShingle How does the development of private equity capital markets affect economic growth in developing countries?
Reimers, Max Rene
African stock exchange
Economic growth
Market openness
title_short How does the development of private equity capital markets affect economic growth in developing countries?
title_full How does the development of private equity capital markets affect economic growth in developing countries?
title_fullStr How does the development of private equity capital markets affect economic growth in developing countries?
title_full_unstemmed How does the development of private equity capital markets affect economic growth in developing countries?
title_sort How does the development of private equity capital markets affect economic growth in developing countries?
author Reimers, Max Rene
author_facet Reimers, Max Rene
author_role author
dc.contributor.none.fl_str_mv Afonso, António
Repositório da Universidade de Lisboa
dc.contributor.author.fl_str_mv Reimers, Max Rene
dc.subject.por.fl_str_mv African stock exchange
Economic growth
Market openness
topic African stock exchange
Economic growth
Market openness
description Mestrado em Economia Monetária e Financeira
publishDate 2020
dc.date.none.fl_str_mv 2020-12-13T18:01:36Z
2020-10
2020-10-01T00:00:00Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/masterThesis
format masterThesis
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10400.5/20641
url http://hdl.handle.net/10400.5/20641
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv Reimers, Max Rene (2020). "How does the development of private equity capital markets affect economic growth in developing countries?". Dissertação de Mestrado. Universidade de Lisboa. Instituto Superior de Economia e Gestão.
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 Instituto Superior de Economia e Gestão
publisher.none.fl_str_mv Instituto Superior de Economia e Gestão
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
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