Foreign Direct Investment (FDI) and Stock market Development: Ghana Evidence
AbstractUsing 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
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 11261.
Date of creation: Oct 2008
Date of revision:
Stock Market Development; Foreign Direct Investment and Market Capitalization;
Find related papers by JEL classification:
- F20 - International Economics - - International Factor Movements and International Business - - - General
- C50 - Mathematical and Quantitative Methods - - Econometric Modeling - - - General
- G20 - Financial Economics - - Financial Institutions and Services - - - General
This paper has been announced in the following NEP Reports:
- NEP-AFR-2008-10-28 (Africa)
- NEP-ALL-2008-10-28 (All new papers)
- NEP-CFN-2008-10-28 (Corporate Finance)
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