Foreign Direct Investment and Stock market Development: Ghana’s Evidence
AbstractUsing multivariate cointegration and error correction model, this paper examines the impact of Foreign Direct Investment (FDI) on the stock market development in Ghana. Our results indicate that there exists a long-run relationship between FDI, nominal exchange rate and stock market development in Ghana. We find that a shock to 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 11985.
Date of creation: 2008
Date of revision: 2008
Foreign Direct Investment and Stock market Development: Ghana’s Evidence;
Find related papers by JEL classification:
- F20 - International Economics - - International Factor Movements and International Business - - - General
- C50 - Mathematical and Quantitative Methods - - Econometric Modeling - - - General
- A11 - General Economics and Teaching - - General Economics - - - Role of Economics; Role of Economists
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