Stock Market Development and Economic Growth in India Finance, Growth, Concepts
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- Englisch ausgewählt
Fr. 95.90
inkl. gesetzl. MwSt.,
Beschreibung
Produktdetails
Einband
Taschenbuch
Erscheinungsdatum
10.05.2013
Verlag
LAP LAMBERT Academic PublishingSeitenzahl
204
Maße (L/B/H)
22/15/1.3 cm
Gewicht
322 g
Sprache
Englisch
ISBN
978-3-659-39023-4
Developing countries are in search of better policies to achieve higher economic growth since growth reduces poverty. Development of financial sector is one of the major economic policies since financial development influences economic growth and reduces poverty. Economic literature over the years has established that a sophisticated stock market is a critical factor for long-run economic growth.Given the importance of stock market for developing countries, this study empirically examines the relationship between stock market development and economic growth using the time-series for India over the period 1980-2008. Second, the study also statistically detects the direction of causality (cause and effect relationship) in a multivariate setting between stock market development and economic growth, which is vital for policy implication. This study provides important channels of stock market-growth linkages which is important for developing countries like India.
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