Do stock markets lead to economic growth?

Arusha Cooray

Journal of Policy Modeling, 2010, vol. 32, issue 4, 448-460

Abstract: Augmenting the Mankiw, Romer, and Weil (1992) model with a variable for the stock market, this study finds strong support for the stock market augmented model for a cross section of 35 developing economies. In conclusion it is noted that policy measures taken to increase the size, liquidity and activity of the stock market will further enhance growth.

Keywords: Mankiw-Romer-Weil; model; Economic; growth; Stock; market (search for similar items in EconPapers)
Date: 2010
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Citations: View citations in EconPapers (60)

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