Adam, Anokye M. and Tweneboah, George (2008): Foreign Direct Investment and Stock market Development: Ghana’s Evidence. Forthcoming in: International Research Journal of Finance and Economics , Vol. 1, No. 27 (May 2009)
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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.
|Item Type:||MPRA Paper|
|Original Title:||Foreign Direct Investment and Stock market Development: Ghana’s Evidence|
|Keywords:||Foreign Direct Investment and Stock market Development: Ghana’s Evidence|
|Subjects:||F - International Economics > F2 - International Factor Movements and International Business > F20 - General
C - Mathematical and Quantitative Methods > C5 - Econometric Modeling > C50 - General
A - General Economics and Teaching > A1 - General Economics > A11 - Role of Economics; Role of Economists; Market for Economists
|Depositing User:||Anokye M. Adam|
|Date Deposited:||07. Dec 2008 15:13|
|Last Modified:||12. Feb 2013 13:58|
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