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Periodical article | Leiden University catalogue | WorldCat |
Title: | Stock Market Development and Economic Growth: Evidence from Cote d'Ivoire |
Author: | N'Zué, Félix F. |
Year: | 2006 |
Periodical: | African Development Review |
Volume: | 18 |
Issue: | 1 |
Period: | April |
Pages: | 123-143 |
Language: | English |
Geographic term: | Ivory Coast - Côte d'Ivoire |
Subjects: | financial market economic development Economics and Trade Development and Technology |
External link: | https://onlinelibrary.wiley.com/doi/10.1111/j.1467-8268.2006.00135.x/pdf |
Abstract: | The present paper investigates the relationship between the development of the Ivorian stock market and Côte d'Ivoire's economic performance. Stock market development indicators were identified and used to calculate the Ivorian stock market development index. A set of control variables were also identified. The empirical results suggest that gross domestic product and stock market development are cointegrated when the control variables are included in the analysis. That is, there is a long-run relationship between these variables taken together. Moreover, there is a unidirectional causality running from stock market development to economic growth. Bibliogr., notes, ref., sum. in English and French. [Journal abstract] |