EconPapers    
Economics at your fingertips  
 

Foreign Direct Investment (FDI) and Stock market Development: Ghana Evidence

Anokye Adam and George Tweneboah ()

MPRA Paper from University Library of Munich, Germany

Abstract: Using multivariate cointegration and Innovation Accounting Methods, this paper examines the impact of Foreign Direct Investment (FDI) on stock market development in Ghana. The paper finds long-run relationship between FDI and stock market development in Ghana. Using impulse responses and Variance Decomposition from Vector Error Correction Model we find that shocks in FDI significantly influence the development of stock market in Ghana

Keywords: Stock Market Development; Foreign Direct Investment and Market Capitalization (search for similar items in EconPapers)
JEL-codes: C50 F20 G20 (search for similar items in EconPapers)
Date: 2008-10
New Economics Papers: this item is included in nep-afr and nep-cfn
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (7) Track citations by RSS feed

Downloads: (external link)
https://mpra.ub.uni-muenchen.de/11261/1/MPRA_paper_11261.pdf original version (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:11261

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().

 
Page updated 2023-11-11
Handle: RePEc:pra:mprapa:11261