Impact of stock market development on economic growth in Kenya 1970-2010: granger causality Test.
| dc.contributor.author | Kulundu, Josephine Otiato | |
| dc.date.accessioned | 2019-08-22T19:10:36Z | |
| dc.date.accessioned | 2020-01-07T15:54:23Z | |
| dc.date.available | 2019-08-22T19:10:36Z | |
| dc.date.available | 2020-01-07T15:54:23Z | |
| dc.date.issued | 2013 | |
| dc.description | Available in print copy | en_US |
| dc.description.abstract | This study investigated the causal relationship between stock market development and economic growth for Kenya for the period 1970 to 2010 using a Granger causality test. Questions were raised whether stock market development causes economic growth or conversely. Stock market development was estimated by the general stock market index. The main objective of this study was to examine how the Stock Market development impacts on economic growth. To achieve this objective, unit root test was carried out for all time series data in their levels and their first differences. Johansen Co-integration analysis was applied to examine whether the variables were co-integrated of the same order, taking into account the maximum Eigen Value and Trace Statistic. Finally, Granger Causality test was applied in order to find the direction of causality between variables of estimated model. The results show that there’s a unidirectional causality between stock market development and economic growth in Kenya, the direction running from stock market development to Economic growth. The main policy implication from the findings of study is a government policy that supports growth and stability of stock to contribute positively to economic growth in Kenya. | en_US |
| dc.identifier.citation | Kulundu, J.O.(2013). Impact of stock market development on economic growth in Kenya 1970-2010: granger causality Test.. Master dissertation, university of Dar es Salaam. Available at (http://41.86.178.3/internetserver3.1.2/detail.aspx) | en_US |
| dc.identifier.uri | http://localhost:8080/xmlui/handle/123456789/2476 | |
| dc.language.iso | en | en_US |
| dc.publisher | University of Dar es Salaam | en_US |
| dc.subject | Economics growth | en_US |
| dc.subject | Stock-exchang | en_US |
| dc.subject | Stock market | en_US |
| dc.subject | Kenya | en_US |
| dc.title | Impact of stock market development on economic growth in Kenya 1970-2010: granger causality Test. | en_US |
| dc.type | Thesis | en_US |