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Purpose This research investigates the bond between stock market development and agricultural growth in African emerging economies from 1990 to 2020. Design/methodology/approach Agricultural value added to the gross domestic product measures agricultural growth and market capitalization and...
Persistent link: https://www.econbiz.de/10013413447
Purpose The study aims to examine the appropriateness of the coefficient of elasticity of trading (CET) as a measure of liquidity using Nigerian stock market data. Given that liquidity is multidimensional, the CET is complemented with the popular measure of liquidity, turnover ratio to explore...
Persistent link: https://www.econbiz.de/10014309263
growth by comparing two leading emerging economies in Africa: Nigeria and South Africa from 1981 to 2015. Growth rate of … and economic growth in Nigeria but not for South Africa. In both short and long run, there was a positive but … insignificant relationship between stock market development and economic growth in Nigeria and South Africa. The granger causality …
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This paper extends the output growth model tested by Levine and Zervos (1998) by including a channel for capital allocation efficiency proxied by stock price informativeness. Using a sample of 59 countries, this study finds that stock price informativeness as measured by firm-specific return...
Persistent link: https://www.econbiz.de/10013088911