Asongu, Anutechia Simplice (2010): Stock Market Development in Africa: do all macroeconomic financial intermediary determinants matter? Forthcoming in:
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This study brings light to some financial intermediary development factors that could negate stock market development, as well as those that could improve it. Using a panel of eight countries, from 1989 to 2008, we derive indexes via Principal Component Analysis; based on which panel fixed effect regressions are performed. The principal edge of this work is that, in policy making, not all aspects of financial intermediary development should be prioritized for stock market development.
|Item Type:||MPRA Paper|
|Original Title:||Stock Market Development in Africa: do all macroeconomic financial intermediary determinants matter?|
|Keywords:||Financial intermediary development, Stock market development, Africa|
|Subjects:||G - Financial Economics > G1 - General Financial Markets
G - Financial Economics > G2 - Financial Institutions and Services
G - Financial Economics > G0 - General
|Depositing User:||Simplice Anutechia Asongu|
|Date Deposited:||22. Nov 2010 15:05|
|Last Modified:||15. Feb 2013 11:52|
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