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:: year 1, Issue 2 (winter 2010) ::
JMBR 2010, 1(2): 31-52 Back to browse issues page
Effect of Stock Market Development on Economic Growth
Ali Hassanzadeh , Azam Ahmadian
Abstract:   (3539 Views)
Several Studies Show the positive relationship between stock market development and economic growth. These studies confirm that stock market development can boost economic growth and emphasis on bilateral relationship between economic growth and stock market development at long term but there is only one way relationship between these tow factor، which means growth rate can create stock market development. This paper investigate the impact of stock market and banks on economic growth using a panel data set for period 1990-2007.
Results suggest a positive relationship between several indicator as market capitalization ratio، total value of shares traded ratio، turnover ratio and economic growth both directly and indirectly by boosting private investment behavior.
Keywords: Financial Market, Economic Growth, Market Capitalization Ratio, Total Value of Shares Traded Ratio, Turnover Ratio
Full-Text [PDF 216 kb]   (5198 Downloads)    
Type of Study: Empirical Study |
Received: 2014/07/26 | Accepted: 2014/07/26 | Published: 2014/07/26
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year 1, Issue 2 (winter 2010) Back to browse issues page
فصلنامه پژوهش‌های پولی-بانکی Journal of Monetary & Banking Research
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