Do Stock Markets Promote Economic Growth
dc.contributor.author | Filer, Randall K. | en_US |
dc.contributor.author | Hanousek, Jan | en_US |
dc.contributor.author | Campos, Nauro F. | en_US |
dc.date.accessioned | 2006-08-01T15:42:27Z | |
dc.date.available | 2006-08-01T15:42:27Z | |
dc.date.issued | 1999-09-01 | en_US |
dc.identifier.other | RePEc:wdi:papers:1999-267 | en_US |
dc.identifier.uri | https://hdl.handle.net/2027.42/39652 | en_US |
dc.description.abstract | One of the most enduring debates in economics is whether financial development causes economic growth or whether it is a consequence of increased economic activity. Little research into this question, however has used a true causality framework. This paper fills this lacuna by using Granger-causality tests to provide evidence of a positive and significant causal relationship going from stock market development to economic growth, particularly for less developed countries. | en_US |
dc.format.extent | 39973 bytes | |
dc.format.extent | 3151 bytes | |
dc.format.extent | 69143 bytes | |
dc.format.mimetype | text/plain | |
dc.format.mimetype | text/plain | |
dc.format.mimetype | application/pdf | |
dc.language.iso | en_US | en_US |
dc.relation.ispartofseries | 267 | en_US |
dc.subject | Stock Market, Financial Development, Economic Growth, Granger Causality | en_US |
dc.subject.other | G00, G14, O16, F36 | en_US |
dc.title | Do Stock Markets Promote Economic Growth | en_US |
dc.type | Working Paper | en_US |
dc.subject.hlbsecondlevel | Economics | en_US |
dc.subject.hlbtoplevel | Business | en_US |
dc.description.bitstreamurl | http://deepblue.lib.umich.edu/bitstream/2027.42/39652/3/wp267.pdf | en_US |
dc.owningcollname | William Davidson Institute (WDI) - Working Papers |
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