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Periodical article Periodical article Leiden University catalogue Leiden University catalogue WorldCat catalogue WorldCat
Title:Stock Market Development and Economic Growth: Evidence from Cote d'Ivoire
Author:N'Zué, Félix F.ISNI
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]
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