Stock Market Development and Economic Growth: Evidence from India, Pakistan, China, Malaysia and Singapore
International Journal of Economics, Finance and Management Sciences
Volume 2, Issue 3, June 2014, Pages: 220-226
Received: Apr. 30, 2014;
Accepted: May 29, 2014;
Published: Jun. 10, 2014
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Muhammad Aamir Ali, School of Commerce and Accountancy, University of Management and Technology, Lahore, Pakistan
Nazish Aamir, School of Commerce, University of Central Punjab, Lahore, Pakistan
Stock market is the only source through which we can come to know about the volume of interest showed by investors by buying and selling the shares of listed companies. This paper is written to empirically show the GLS regression analysis based on panel data (1991-2011) that unto how significantly economic growth is influenced by stock markets. The econometric models are made by considering GDP per capita as dependent variable and stock markets’ variables, FDI, Investments, EXP and GDS as explanatory variables. The models are made to study by taking stock market size and liquidity separately and then collectively. Results show that GDP per capita is significantly explained by independent variables.
Muhammad Aamir Ali,
Stock Market Development and Economic Growth: Evidence from India, Pakistan, China, Malaysia and Singapore, International Journal of Economics, Finance and Management Sciences.
Vol. 2, No. 3,
2014, pp. 220-226.
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