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Threshold Effect Between Stock Market and Long-term Economic Growth in Côte d’Ivoire

Author

Listed:
  • Oyibo Paul Vivien
  • Anzian Kouamé Marcel
  • Djeban Koffi Mouroufie Emmanuel
  • Brou Djandji Emmanuel

Abstract

This paper provides an empirical assessment of the relationship between stock market development and long-run growth in Côte d’Ivoire over the period 1993-2020. The cointegration results between the variables reveal a long-run relationship between economic growth and its determinants. Furthermore, the results of the quadratic model estimates show a threshold of the level of development that reduces the long-term growth in Côte d’Ivoire. Finally, the results of this study could guide the competent authorities in the elaboration of efficient economic policies to favour the development of the financial market.

Suggested Citation

  • Oyibo Paul Vivien & Anzian Kouamé Marcel & Djeban Koffi Mouroufie Emmanuel & Brou Djandji Emmanuel, 2023. "Threshold Effect Between Stock Market and Long-term Economic Growth in Côte d’Ivoire," International Journal of Economics and Finance, Canadian Center of Science and Education, vol. 15(2), pages 1-62, February.
    • Handle: RePEc:ibn:ijefaa:v:15:y:2023:i:2:p:62
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    References listed on IDEAS

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    1. Ross Levine, 1997. "Financial Development and Economic Growth: Views and Agenda," Journal of Economic Literature, American Economic Association, vol. 35(2), pages 688-726, June.
    2. Levine, Ross, 1991. "Stock Markets, Growth, and Tax Policy," Journal of Finance, American Finance Association, vol. 46(4), pages 1445-1465, September.
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    More about this item

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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