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Foreign Direct Investment and Stock market Development: Ghana’s Evidence

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  • Adam, Anokye M.
  • Tweneboah, George

Abstract

Using 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.

Suggested Citation

  • Adam, Anokye M. & Tweneboah, George, 2008. "Foreign Direct Investment and Stock market Development: Ghana’s Evidence," MPRA Paper 11985, University Library of Munich, Germany, revised 2008.
    • Handle: RePEc:pra:mprapa:11985
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    References listed on IDEAS

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    Keywords

    Foreign Direct Investment and Stock market Development: Ghana’s Evidence;

    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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