dc.contributor.author |
Nzomoi, Joseph N. |
|
dc.contributor.author |
Ikikii, Stephen M. |
|
dc.date.accessioned |
2016-01-18T09:32:52Z |
|
dc.date.available |
2016-01-18T09:32:52Z |
|
dc.date.issued |
2013 |
|
dc.identifier.citation |
International Journal of Economics and Finance; Vol. 5, No. 11; 2013 |
en_US |
dc.identifier.issn |
1916-971XE |
|
dc.identifier.issn |
1916-9728 |
|
dc.identifier.uri |
http://ccsenet.org/journal/index.php/ijef/article/view/31460/18377 |
|
dc.identifier.uri |
http://repository.seku.ac.ke/handle/123456789/1876 |
|
dc.description.abstract |
This paper presents an analysis of the stock market development effects on economic growth in Kenya, using the
gross domestic product and the two key measures of stock market – capitalization and trade volume. Empirical
results indicate that variables satisfied apriori expectations, are statistically significant, and positively correlated
with feed-back effects. Capitalization, trade volume and economic growth are highly positively correlated in
Kenya, with capitalization and trade volume jointly explaining 91% of the variations in the economic growth,
over the period under study. Further, the study found that a 1% increase in both trade volume and capitalization
causes 0.025% and 0.115% increase in gross domestic product respectively. Thus, empirical evidence shows that
stock market development (measured by trade volume and/or capitalization) impacts positively on the economic
growth in Kenya. |
en_US |
dc.language.iso |
en |
en_US |
dc.publisher |
Canadian Center of Science and Education |
en_US |
dc.subject |
stock market development |
en_US |
dc.subject |
market capitalization |
en_US |
dc.subject |
economic growth |
en_US |
dc.title |
An analysis of the effects of stock market development on economic growth in Kenya |
en_US |
dc.type |
Article |
en_US |