stock market development and economic growth



Stock Market Development and Economic Growth in India Stock Market Development and Economic Growth in India Новинка

Stock Market Development and Economic Growth in India

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.
Stock Market Development and Economic Growth in Nigeria Stock Market Development and Economic Growth in Nigeria Новинка

Stock Market Development and Economic Growth in Nigeria

This book is concerned with the role of stock market development on economic growth within the Nigerian context. The author examines the long run causal relationship between the stock market development and economic growth. Essentially the study uses the endogenous growth theory as a basis of its theoretical foundation. The study uses one banking sector variable and three measures of stock market development over the period of 1980 - 2007 The author’s findings from the study suggest that stock market development has impacted on economic growth in Nigeria. The study also finds evidence of a bi-directional relationship between stock market development and economic growth. The findings of the study support the view that stock market development and economic growth in Nigeria are complementary. The contribution of this study lies in the fact that it provides additional evidence on the ongoing debate of the impact stock markets have on the economic growth process within a specific country. This work will be of interest to people interested in stock markets, financial and economic development, time series analysis as well as African studies.
Impact of Stock Market Performance Indices on Economic Growth Impact of Stock Market Performance Indices on Economic Growth Новинка

Impact of Stock Market Performance Indices on Economic Growth

The controversy on the impact of stock market performance and economic growth and development is empirically evaluated in this study, using Nigerian data. This effort is spurred by the raging debate on the relevance of stock market in promoting economic growth. Using the Ordinary Least Square regression method, the empirical evidence suggest that stock market size and turnover ratio promote economic growth, while stock market liquidity hurts economic growth. Although our result suggests that stock mark performance indices promote economic growth and development, this evidence should be viewed with some caution. The measure of stock market performance used in this study may not be adequate. Although the market capitalization ratio (market capitalization/GDP), value of transactions traded ratio (value of transaction traded/GDP), and turnover ratio (value of transaction traded/market capitalization) as proxies of stock market performance has been popular in literature, it clearly does not include other indicators of stock market development like international integration, market concentration, regulatory and institutional indicators and stock market volatility.
Stock Market Development and Economic Growth in Nigeria (1986-2006) Stock Market Development and Economic Growth in Nigeria (1986-2006) Новинка

Stock Market Development and Economic Growth in Nigeria (1986-2006)

One of the most enduring debates in economics is whether financial development causes economic growth or whether it is a consequence of increased economic activity. The relationship between stock market development and economic growth has received a great deal of attention during the last decades. Many economists have underlined the importance of stock market development in the process of economic growth while others think that this importance is over-stressed. Managers and owners of businesses are often ignorant of the full range of sources of finance available to them as well as the best means of accessing these funds. As businesses expand, it is pertinent to the continuing success of such a business that it possesses the ability to identify its financing requirements and its sources. Of all the sources of funds, the stock market is by far the largest source of finance for any organization and the study is needed to extensively focus on the opportunities that bound in the Nigeria stock market with regards to the process of the capital formation. This study examine the stock market development with relationship between economic growths in Nigeria.
Stock Market Development and Economic Growth Stock Market Development and Economic Growth Новинка

Stock Market Development and Economic Growth

The finance literature suggests that stock markets serve important functions even in those economies in which a well-developed banking sector already exists.Stock markets also provide entrepreneurs with liquidity and for opportunities to diversify their portfolios. The primary purpose or objective is to study the interrelationship between stock market development and economic growth of India in both pre and post-liberalized periods between 1971 and 2002.For want of consistency of the data used and for statistical analysis, annual data are used for pre liberalization period. In order to have a reasonable number of observations for statistical significance, quarterly data are used for twelve years in the post liberalization period.Empirical testing is done by various classifications namely: stock market development, comparison of stock market development and economic growth variables and interrelationship between stock market development and economic growth during pre and post liberalization separately.Descriptive statistics, bi-variate correlations, exponential growth, elasticity and conglomerate indexes step wise regressions are the tools used in the study.
Stock Market Development and Economic Growth Stock Market Development and Economic Growth Новинка

Stock Market Development and Economic Growth

Contemporary economies of developing countries are changing due to rapid changes in the world economy. The economies of emerging market countries are witnessing changes in the composition of capital flows because world stock markets are expanding rapidly. Foreign direct investment and stock market boom are the indicators of the changing world economic order. Hence, Stock market has been associated with economic growth through its role as source for new private capital. On the other hand, stock market development is the catalyst for economic growth. The purpose of this study examines the relationship between stock market development and economic Growth. Empirically, based on the data for Emerging market and developed market countries during the 10 years’ period, from 1999 – 2008 using the generalized method of moments (GMM) for dynamic panel method approach. To control for the country specific effect, the model is further estimated for the developed and emerging member countries.
Financial Market Development and Economic Growth in Africa Financial Market Development and Economic Growth in Africa Новинка

Financial Market Development and Economic Growth in Africa

The intent of this study is to look into the role stock market development plays on economic growth in Africa. It uses annual data from a panel of 36 countries of which 18 have stock markets in Africa over the period 1990-2010. Panel data econometrics technique is used in data analysis. Our literature survey reveal the key factors that explain economic growth are as follows: initial level of development proxied by real income per capita, gross investment to GDP ratio, macroeconomic instability proxied by inflation rate, human capital formation proxied by school enrolment rate, government consumption to GDP; and level of openness proxied by the sum of exports and imports to GDP. Our main findings are: Stock market development had a positive effect on economic growth, thus facilitating faster growth on countries with stock markets, Investment, human capital formation and openness positively influenced economic growth, inflation and government consumption show a negative impact, poor countries tended to grow faster compared to richer countries, banking sector development variables had a positive impact and countries that are politically stable and less corrupt tend to grow faster.
Financial-growth Nexus in China Financial-growth Nexus in China Новинка

Financial-growth Nexus in China

Revision with unchanged content. China began its current economic reform in the late 1970s. Since initiating its reforms, China has restructured its banking sector while launched equity market in early 1990s. China has been experiencing a rapid growth at an average rate over 8 percent per annum during the last two decades. Does the de­velopment of financial intermediaries contribute to the economic growth in China? This study examines how financial intermediaries in China influence the real sector growth. A particular focus is mainly set up on the direction of cau­sality between banking sector and/or stock market and economic growth. The analysis should help to answer the questions: - Does each economic re­gion in China adopt the same growth pattern? - Does the development of ban­king sector lead to the real sector growth? - Is the development of ban­king sector a product of economic growth? - Does the same direction of finan­cial-growth causality apply to the entire country? - Does the de­velop­ment of stock market lead to the economic growth? What kind of role has the stock market been performing in China’s economic growth? The book is addressed to economic analysts and researchers who are interested in studying the financial-growth nexus in the context of China in a statistical man­ner.
The impact of Stock Market on Economic Growth The impact of Stock Market on Economic Growth Новинка

The impact of Stock Market on Economic Growth

The relationship between emerging stock market and economic growth is conceived as more than a puzzle. The Impact of Stock market on Economic Growth provides in-depth analysis to approach such complex topic by using firm level data on various financial and economic variables. Written in an approachable and easy style, the evidence provided in this book raises questions on the validity of flow of financial service from emerging market.
Financial Intermediaries in Development of Capital Market in BD Financial Intermediaries in Development of Capital Market in BD Новинка

Financial Intermediaries in Development of Capital Market in BD

At the end of the 20th century and in the beginning of the 21st century there is an enormous change in global economy. Stock Market of Bangladesh plays an important role in the economic development of the country. In this book we have tried to find out the relationship with stock market and financial intermediaries, the roles of financial intermediaries for developing the market of stock, and future growth of stock market as well as overall economic development of the country. Although Bangladesh stock market is growing over time, the growth has not yet assumed any stable and obvious trend. Bangladesh stock market is still at an early stage of its growth path with a small market size relative to gross domestic product and is characterized by poor liquidity and high market concentration. We also show that the financial intermediaries can play a greater role for the betterment of the stock market in present volatile situation and of course in future.
The Nigerian Capital Market and Economic Development in Nigeria The Nigerian Capital Market and Economic Development in Nigeria Новинка

The Nigerian Capital Market and Economic Development in Nigeria

This work sets out to examine the relationship between the Nigerian Capital Market and economic development of Nigeria from 1987 to 2006. Thus, the performance of the Nigerian Capital Market indicators as they affect the GDP growth rate and human development index in Nigeria was examined. Multiple linear regression model was adopted as the method of analysis. The evaluation technique includes t-statistics, R squared, adjusted R squared, Durbin Watson test, standard error test and the f-statistics. The specific findings of this study show that there is no significant relationship between the capital market indicators and economic development in Nigeria during the period 1987 to 2006. There is a positive but insignificant relationship among the Nigerian Stock Exchange market capitalization, turnover ratio and economic development, while the relationship between the Nigerian Stock Exchange number of listed securities and economic development is negative and insignificant. Therefore, the Nigerian capital Market has fallen short of expectation vis-a-vis its role in fostering investment for economic growth and development.
Macroeconomic Variables & Stock Return Volatility:Econometric Analysis Macroeconomic Variables & Stock Return Volatility:Econometric Analysis Новинка

Macroeconomic Variables & Stock Return Volatility:Econometric Analysis

The increasing importance of Stock markets around the world has recently opened a new avenue of research into the relationships between Stock Market and Macroeconomic Variables. It is now a highly debatable area that stock market contributes to economic growth or the other way economic growth contributes to stock market. Researchers continuously make efforts on defining the relationship of stock market and macroeconomic variables. It has now become more difficult to define the relationships between them in the context of increased scarcity of resources, bilateral and multilateral free trade agreements, economic crises, rapidly changing political scenarios and high uncertainty and risks due to world wide terrorist activities. This book provides an insight into the stock market of Pakistan with special focus on macroeconomic variables like inflation,GDP etc effecting the Karachi Stock Exchange (KSE).
Financial Liberalization and Stock Market Growth in Nepal Financial Liberalization and Stock Market Growth in Nepal Новинка

Financial Liberalization and Stock Market Growth in Nepal

Although stock market liberalization is often blamed as causing crises it is concluded that the effects of liberalization on stock market growth is positive. However, there is no professional consensus on the net benefits of financial liberalization. Various measures of stock market development and various statistical analyses indicate that Nepalese stock market is in developing stage. Low market capitalization and lower number of listed companies shows the smaller size of stock market while higher deviation on NEPSE index shows more risk in investment. Apart from this, regression analysis state that only market capitalization has significant impact on growth of domestic product (GDP). The theoretical model mainly predicts that there is a vital role of stock market for overall economic development in both developing as well as developed countries. Stock market works as a vehicle for raising capital for firms. It helps investors to diversify their wealth across variety of assets and the companies enjoy permanent access to capital and rose through equity issue. The growth in the economy only occurs if society invests sufficient amount of capital in firms.
The Impact of European Monetary Union on the Finance-Growth Nexus The Impact of European Monetary Union on the Finance-Growth Nexus Новинка

The Impact of European Monetary Union on the Finance-Growth Nexus

This research examines the relationship between financial development and economic growth in 15 developed European countries before and after the formation of the euro. The results of the panel data analysis show that financial development is significant in promoting economic growth for both periods. The impact of the banking sector development on growth, however, is greater in the post-euro period, whereas the impact of stock market development on growth is reducing in the period investigated. The study concludes that the formation of European Monetary Union does not weaken the relationship between financial development and economic growth in developed European countries.
Stockmarkets,Banks and Economic growth in Sub-Saharan Africa:1990-2007 Stockmarkets,Banks and Economic growth in Sub-Saharan Africa:1990-2007 Новинка

Stockmarkets,Banks and Economic growth in Sub-Saharan Africa:1990-2007

Considerable attention has been paid to the relationship between stock market, bank and economic growth. However, one major controversy in empirical literature as far as the relative impact of stock market and bank on economic growth are concerned centers on which one of them contributes more to growth. Though, panel studies have been carried out in developed countries, much attention has not been paid to this issues on one hand, the direction of causality among stock market, bank and economic growth in Saharan African countries on the other hand, hence the study.
Importance of Equity Market for Economic Development in Bangladesh Importance of Equity Market for Economic Development in Bangladesh Новинка

Importance of Equity Market for Economic Development in Bangladesh

An equity market is a public entity for the trading of company stock and derivatives at an agreed price. Bangladesh capital market is one of the smallest market in Asia but the third largest in the South Asian region. Equity market plays an important role in economic development of a country. Economic development is a term that generally refers to the sustained, concerted effort of policymakers and community to promote the standard of living and economic health in a specific region. The equity market believes that a dynamic, automated, transparent stock exchange is needed in Bangladesh. Emerging equity market should be very attractive for risk capital investors. In this book we consider the equity market and recommended to create an emerging equity market in Bangladesh.
Financial Development and Economic Growth, Stock Market Perspective Financial Development and Economic Growth, Stock Market Perspective Новинка

Financial Development and Economic Growth, Stock Market Perspective

The last two decades have witnessed a rapid growth of stock markets in emerging economies both in terms of number and market capitalization. The proliferation of stock exchanges in Africa indicate that a number of countries now consider them as one facet of a wider strategy for developing national, and even regional, economies. The International Finance Corporation (1998) (IFC) commented that this growth proves that these markets have “come out of their own” as places to invest and to raise capital. According to Khan and Senhadji (2000), the evolution of emerging stock markets has had a positive impact on the operations of banking institutions and on economic promotion and hence their role should not be ignored.
Stock Market Performance and Economic Growth-A Causality Test Approach Stock Market Performance and Economic Growth-A Causality Test Approach Новинка

Stock Market Performance and Economic Growth-A Causality Test Approach

The investigation of the causal relationship between stock market performance and economic growth was conducted using the popular Granger causality test based on the Vector Autoregressive (VAR) model. The statistical techniques used include the unit root Augmented Dickey Fuller test in order to fulfill the objective of stationarity for all the time series in their levels and first differences. The Johansen co-integration test was used to investigate whether the variables are cointegrated of the same order taking into account the trace statistics and the maximum eigen-value tests. The variables were found to be cointegrated with at least one co-integrating vectorThe findings imply that the causality between economic growth and stock market runs unilaterally or entirely in one direction from the NSE 20-share index to the GDP. From the results, it was inferred that the movement of stock prices in the Nairobi stock exchange reflect the macro-economic condition of the country and can therefore be used to predict the future path of economic growth. Therefore, policy makers should facilitate proper growth of the stock exchange market in order to foster a thriving economic climate.
Economic Growth and Human Development across Indian States Economic Growth and Human Development across Indian States Новинка

Economic Growth and Human Development across Indian States

This book analyse the aspects of Economic Growth and Human Development across Indian States during post and pre reform period. This book looks extensively inequality patterns in India across the states and also within the states. A very useful analysis of convergence and determinants of economic growth and human development has also been done. This book is quite useful for the students working in the field of economic growth and human development and especially for those who are interested in Inequality.
Roller coaster Roller coaster Новинка

Roller coaster

Numerous studies have been carried out to examine the relationship between external debt and economic growth; external debt and economic development; institutions and economic growth; but little or no attention has been made to simultaneously explore the relationship between external debt, institutions, economic growth and economic development. This paper fills that gap by focusing on the neglected aspect of the simultaneous effect of each term on one another. It accomplishes this task by exploring the relationship between external debt management and the growth or development of the economy.
Financial Development and Economic Growth Financial Development and Economic Growth Новинка

Financial Development and Economic Growth

This thesis examines the relationship between financial development and economic growth. By reviewing previous theories and empirical studies about financial development and economic growth and financial development process in China, I assumed that there is a positive relationship between financial development and economic growth in China case. Then I use time series annual data from 1978 to 2009 to set up a short-term model and long-term model. By running causality test and regression, I find that in the short term, if financial sectors in China develop well and provide more monetary services for economic activities, it will promote Chinese economic growth. At the same time, if Chinese economy develops very well, financial sectors will get benefit from the good economic environment. But if banks provide too much loan, the economic growth rate will slow down. In the long term, there is not really obvious positive effect between economic growth and financial development in China case as expected. But efficient bank loans are helpful for promoting economic growth.
Development of Capital Market in Bangladesh: Development of Capital Market in Bangladesh: Новинка

Development of Capital Market in Bangladesh:

In the context of development of capital market in Bangladesh, Dhaka Stock Exchange (DSE), occupies a very important and significant place. Some scholars earlier did some limited works relating to the capital market development in Bangladesh. But no in-depth study was earlier done on capital market development in Bangladesh. The present study, therefore, aims at evaluating the overall performance of capital market development in Bangladesh with special reference to DSE. For this purpose required data were collected from secondary and primary (where necessary) sources. In a developing economy like Bangladesh, stock exchange has a vital role to play in the economic growth and development of the country through which capital market development can be ensured. It is not so easy task to evaluate the performance of DSE and its role in the development of capital market. However, attempts have been made to analyze the activities of DSE and to see to what extent its objectives were achieved. This work also examines and analyzes the historical profile including objectives and function of DSE with a view to see to what extent its basic operations are successful.
Impact Of Macroeconomic Variables On Stock Market Capitalization Impact Of Macroeconomic Variables On Stock Market Capitalization Новинка

Impact Of Macroeconomic Variables On Stock Market Capitalization

Stock market is an important part of financial system of any country and development of stock market is one of the major financial goals of any economy. Pakistan is a developing country which has relatively small stock market but this stock market has performed quite well during last decade. This research aims at determining the role of macroeconomic in stock market development by identifying and empirically analyzing macroeconomic factors that exert some impact over the stock market in Pakistani scenario.
Evaluating the impact of financial development on economic growth Evaluating the impact of financial development on economic growth Новинка

Evaluating the impact of financial development on economic growth

Evaluating the impact of financial sector on economic performance of Albania is the goal of this study. It has been formulated two hypotheses: loan affects economic performance and there is a relationship between financial development and economic growth. Selecting the right variables to measure financial development concepts and economic growth, it is one of the most sensitive part in the process of evaluating this relationship. The hypotheses are controlled through panel data regression and dynamic model and for the evaluation method of these models is used the least squares method (LS) and the general method of moments (GMM). The empirical findings reinforce the importance of the lending process in the economic performance and the existence of the relationship between financial development and economic growth. The conclusions are consistent with the theory.
The Relation between Insurance Development and Economic Growth in Iran The Relation between Insurance Development and Economic Growth in Iran Новинка

The Relation between Insurance Development and Economic Growth in Iran

The role of the insurance sector and links into other financial sectors have grown in importance. The importance of financial institutions in economic growth, especially the role of stock markets and banks is greatly discussed in both theoretical and empirical studies, but the insurance sector has not received ample attention in this respect. We fill this gap by reviewing theory and empirical evidence and identify channels of influence. This book examines the existence of casual relation between insurance sector development and economic growth in Iran for the period 1960-2010. In this investigation we apply the Augmented Dickey-Fuller Unit Root test, the Johansen’s Co-integration test and the Granger Causality Wald test based on Vector Auto Regression (VAR) model. According to our findings, there is a unidirectional causality relation from insurance development to economic growth. Therefore, insurance development is an important prerequisite for stimulating economic growth in Iran.The analysis should be useful to students and researchers in Economics and Management fields, and all institutions that are active in the economic development field, particularly insurance companies.
Financial Development and Economic Growth: The Bolivian Case Financial Development and Economic Growth: The Bolivian Case Новинка

Financial Development and Economic Growth: The Bolivian Case

This research initiative investigates the nature and direction of the causal relationship between financial development and economic growth for the Bolivian case. To achieve these goals, Granger-causality tests within a cointegration and Vector Error Correction Model (VECM) framework are performed. Empirical results support the existence of a stable long-run relationship between financial development and economic growth, and show evidence of both a weak unidirectional Granger-causality running from private credit to growth and a unidirectional causality flowing from growth to M2. Given that the two financial development proxies capture different dimensions of the financial system, the addition of the found causality patterns is taken as a broad bi-directional causality. Although this linkage seems to be undermined mostly by structural factors, it is concluded that in Bolivia financial development matters for growth and vice-versa.
Technology Innovation and Its Effects on China's Economic Growth Technology Innovation and Its Effects on China's Economic Growth Новинка

Technology Innovation and Its Effects on China's Economic Growth

Economic growth is an important issue in global economy, especially in developing countries. A general review on relevant literature of industrial structure change lead by technical upgrading and innovation has been done. This study outlines and examine the above factors and the economic growth at the regional and national level in China. The marginal productivity in various sectors is equal within the theoretical framework of equilibrium growth. The consequences and industrial structure and technological innovation and improvement and their linkage on economic growth are analyzed. Particular attention is given to China’s regional relevant factors development. This has resulted in China’s economic expansion in recent decades. The structure development of the country’s three main industrial and technological upgrading and their linkage on economic growth is placed in the context of this study worldwide.
Understanding The Nigerian Stock Exchange Understanding The Nigerian Stock Exchange Новинка

Understanding The Nigerian Stock Exchange

The constant function of the Nigerian Stock Exchange is to provide market in which securities may be bought and sold and facilitate the raising of money by Government, State and Local Governments, and Public Companies. It is a vast trading floor in the building at the E/4 Customs Street, Lagos, near the Central Bank of Nigeria. It is the nation’s largest Organised Securities market where Exchange member brokers daily buy and sell, for thousands of people, the stocks and bonds of most Nigeria’s leading companies. The Nigerian Stock Exchange has branches in Kaduna, Port-Harcourt, Kano (1989), Onitsha, Ibadan, Abuja, Yola, Benin, Uyo, Ilorin and Abeokuta where daily activities are also taking place. The following legend could well appear beneath its name: Here is where people buy and sell Ownership in Nigerian leading companies. The analysis should be a contribution to new theories of Economic development and some aspects of economic growth, emphasising the role of the Stock Exchange Market in economic development, making use of familiar concept of the production function and supply side problem of the economy.
Contributory Pension, Savings,Capital Market and Economic Growth Contributory Pension, Savings,Capital Market and Economic Growth Новинка

Contributory Pension, Savings,Capital Market and Economic Growth

Given the sine-qua-non nature of savings to economic development, augmented with the pain in the squeeze of government budget to support its pensioners, both developed and developing economies have partially if not totally abandoned the Defined Benefit pension scheme for the Contributory Pension scheme; where pension finance can be accumulated by both the worker/employees (while in service), Their employer and the operating government. Thus creating an amassment of fund, which if "well invested", would facilitate capital markets and economic growth. However, what effect would it have on current private saving, since the scheme is a form of compulsory saving; does the contributory pension scheme reduce savings?... with flagging issues of pension fraud, and mismanagement, what effect does it have on the capital market and economic growth? This is what this book seeks to uncover.
Sustainability and Economic Growth of Eastern Europe Region Sustainability and Economic Growth of Eastern Europe Region Новинка

Sustainability and Economic Growth of Eastern Europe Region

Standard point to leave is that people should believe in growth and economic development. The two terms are in fact the creation of humanity. The book brings forward europenization of Eastern Europe Region. It also treats human capital in Europe, sustainability, economic growth and development. Central vector is that we must all contribute to sustainable economic growth, the economic sustainability enabling reliability of a better future.
Stock Market Development and Economic Growth - Global Experience Stock Market Development and Economic Growth - Global Experience Новинка

Stock Market Development and Economic Growth - Global Experience

This book extends a comprehensive body of theoretical and empirical work on global stock markets and their impact on economic growth in the case of Arab countries, East-Asia Pacific and the G- 7 Economies. It considered modern econometric techniques by using the three different estimation methods of OLS, 2SLS and GMM estimators on consistent panel data sets for the three groups of countries over the period 1980-2002. It compared the estimation results for the Arab countries with the East Asia-Pacific countries and the G-7 economies. This work was supervised by Professor P.N.(Raja) Junankar, and examined by Professor Steve Dowrick (Australian National University), Professor Ali Kutan (Southern Illinois University, USA), and Professor Panicos Demetraides (Leicester University, UK).
Financial Sector Development and Economic Growth in Nigeria Financial Sector Development and Economic Growth in Nigeria Новинка

Financial Sector Development and Economic Growth in Nigeria

The book is made up of 5 chapters covering aspects of financial sector development and economic growth in Nigeria. The book documents past financial sector development modeling efforts of some renowned scholars in a way that will be widely accessible to policy makers, policy advisers and those with research interests in financial sector development.
Knowledge for Development Knowledge for Development Новинка

Knowledge for Development

This study explores the contributions of endogenous knowledge resources to local economic development in Uganda. Using a cross-sectional descriptive design and a triangulation approach of qualitative and quantitative approaches, the study found out that the sectors where endogenous knowledge resources are applied, range from; agriculture, technology, traditional medicine, environment, and local governance. The contributions of local knowledge resources to local economic development include; improvement of local economic growth,human development, improved community health, environmental conservation and agriculture. In order to harness endogenous knowledge, The contributions of local knowledge resources to local economic development include; improvement of local economic growth; improved human development; improved community health; environmental conservation and agricultural development. The overall study came up with recommendations to; strengthen endogenous development planning, strategise language development, revamping the prevailing land use attitudes, and the promotion of knowledge and learning economies.
Financial Development and Economic Growth in Iran Financial Development and Economic Growth in Iran Новинка

Financial Development and Economic Growth in Iran

The reasons of economic growth have been always one of the most controversial issues in economic science. One of the probable effective factors on economic growth which has been declared about one century ago is financial development. Despite of this long history, there are different opinions among economists about the cause and effect relationship between financial development and economic growth. However, most economists argue that economic growth has been strongly influenced by financial sector. At the same time, evidences of different countries are also very different in this case. In the modern economic system, financial system operates like the heart and bank networks like the vessels for the economy. The efficiency of economic system is involved in the correct function of banking system. The results revealed that in the case of Iran, there is a two-way long-run causality relationship between multilateral index of financial development and economic growth. These analyses and findings should help shed some light on the literature of finance-growth nexus in developing countries, and should be especially useful to anyone who may be interested in financial economics.
Determinants of Human Development in Kurnool Dist. of Andhra Pradesh Determinants of Human Development in Kurnool Dist. of Andhra Pradesh Новинка

Determinants of Human Development in Kurnool Dist. of Andhra Pradesh

“Economic growth contributes most to poverty reduction when it expands the employment, productivity and wages of poor people and when public resources are channelled to promoting human development.... A virtuous cycle of economic growth and human development arises when growth is labour using and employment generating and when human skills and health improve rapidly”. -UNDP, Human Development Report (1997)
Trends of Urbanization and its Implications Trends of Urbanization and its Implications Новинка

Trends of Urbanization and its Implications

Urbanization is a process of urban growth due to shift of population from the rural areas to cities and natural growth of population within the cities. It has multiple implications on socio-economic development and environmental degradation. As cities spread in its surrounding areas, economic activity increases. Gwalior metropolitan city is the major centre of cultural, educational and socio-economic development in the central India. Along with its socio-economic importance, the city is passing through the menace of all forms of environmental pollution. Thus, the environmental and health quality is critically low. This study examines all aspects of population growth, socio-economic development and environmental implications of urbanization in Gwalior. A case study of slums in Gwalior was conducted and suggestions are given for optimal development of Gwalior metropolitan city.
Analysis of the role of the banking system for the economic growth Analysis of the role of the banking system for the economic growth Новинка

Analysis of the role of the banking system for the economic growth

The study investigates the impact of banking-system development on economic growth, with empirical analysis for Macedonia. The banking system can affect the economic growth through the accomplishment of its basic functions: Generating information for the potential investment and for the capital allocation; Mobilization of savings, which includes bridging over transaction and information costs; Company control; Risk diversification, intertemporal risk distribution and reducing the liquidity risk; and Specialization and concentration of the banking activity. The main conclusion is that the relationship between bank development and economic growth for Macedonia is positive and highly significant. The research finds that the private credit, liquid liabilities, total bank assets and net-interest margins are positive and highly significant for economic growth.
The Nexus between Economic Growth and Poverty Reduction The Nexus between Economic Growth and Poverty Reduction Новинка

The Nexus between Economic Growth and Poverty Reduction

At present a near consensus exists among social scientists that there is a trade-off between economic growth and poverty reduction. The responsiveness of poverty to economic growth is expressed in terms of growth-elasticity of poverty which is said to be an increasing function of aggregate level of development and decreasing function of inequalities in income. There exist wide differences among the Indian states in terms of the magnitude of growth-elasticity of poverty. The change in income inequality does not seem to have any significant influences on the magnitude of growth-elasticity of poverty. On the other hand, poverty reduction is highly correlated with levels of human development, infrastructure development, and government development expenditure.It is the differences in the development indicators which explain why some states could achieve high poverty reduction with low economic growth, while others could achieve low poverty reduction with high economic growth, and why in spite of identical rates of economic growth extent of poverty reduction differed among the states.
Economic Growth and Poverty Reduction in Sub-Saharan Africa Economic Growth and Poverty Reduction in Sub-Saharan Africa Новинка

Economic Growth and Poverty Reduction in Sub-Saharan Africa

This volume discusses long-standing, but central, economic issues in Sub-Saharan Africa, including the nature of growth-poverty-inequality relations, agriculture, the labour market and openness, and globalization.
The Impact of Petroleum sector on Economic growth in Nigeria 1970-2009 The Impact of Petroleum sector on Economic growth in Nigeria 1970-2009 Новинка

The Impact of Petroleum sector on Economic growth in Nigeria 1970-2009

The book examined the impact of petroleum sector and Economic growth in an emerging economy like Nigeria.The study became necessary due to the under development experienced in spite of the high revenue generated from the sales of crude oil at the international market in the study area. Generally, it is observed that petroleum sector had an impact on economic growth in Nigeria. The study concluded by identifying government expenditure as a driving force to economic growth in Nigeria. In addition, primary product export and Gross capital formation (investment) were identified as key variables that spur economic growth in Nigeria.
Capital Market and Stock Exchanges - Getting Started Guide Capital Market and Stock Exchanges - Getting Started Guide Новинка

Capital Market and Stock Exchanges - Getting Started Guide

It is unanimously recognized the fact that market economy implies the existence of the assets’ circulation in whose center the market economy and its institutions must provide the setting which makes possible the movement and the transfer of available capitals towards the users whose needs overcome the internal possibilities to meet the expenses. In this particular context, the specific exchange securities, i.e. shares, bonds, treasury bonds, treasury securities, become active parts in the stimulation of the economic development and in discouraging speculations and co-ordinate influences. For the economic units that meet certain conditions concerning the organization form, the size, the capital, etc. and that carry on their activities in a free market setting, the stock exchanges have an essential role in the setting up and consolidation process of a competitive and profitable business.
Export Growth and Economic Performance Export Growth and Economic Performance Новинка

Export Growth and Economic Performance

Bangladesh establishing EPZs expect them to stimulate economic development through accelerating industrial growth and by providing employment. EPZs play an important role in economic growth of a country. This study leads to certain discussion about EPZs of Bangladesh. It discusses about general information and investment climate of Mongla EPZ. This paper highlights the export growth of Mongla EPZ and analyses interdependencies among various economic determinants. Finally shows challenges of export growth of Mongla EPZ in Bangladesh.
Optimization in Portfolio Management Optimization in Portfolio Management Новинка

Optimization in Portfolio Management

This study seeks to discern the complexities in the stock market and makes an attempt to understand the importance of in the economic growth and development of the emerging economies. The study uses Markowitz theorem to understand the expected returns and risk in the stock market. It explicates that there is very significant level of systemic risk rather than non-systematic risk in the Indian stock market. This analysis also expounds that Indian investors are very intelligent in overcoming the systematic risk through their net selectivity skills. The Indian stock market also graduated to Efficient market as it responds fast to publicly and privately available information. This is also substantiated with the help of portfolio evaluation ratios like Sharpe ratio, Treynor's Ratio and Jensen's measure. The decomposition of risk was also done with the help of Fama's decomposition of total risk and return ratios. It also reiterated that there is very high systematic risk and non-systemic risk is relatively less. It suggests that there is a need to increase the market capitalization in India to diversify the risks as the market is highly volatile and efficient.
Foreign Direct Investment (FDI)and Economic Growth in Emerging Markets Foreign Direct Investment (FDI)and Economic Growth in Emerging Markets Новинка

Foreign Direct Investment (FDI)and Economic Growth in Emerging Markets

This book is based on a research that examines Foreign Direct Investment (FDI) and economic growth in emerging market economies with a focus on Nigeria. The research employed an OLS regression method to analyse a thirty year data from 1979 to 2009. Seven variables were selected for the study including human capital development, gross capital formation, life expectancy, electricity power consumption per capita, and trade openness with a view to ascertaining the key elements that influences FDI flows and impact on GDP growth in Nigeria. The GDP growth rate is adopted as the measure for economic growth. The outcome of the study is very interesting.
Stock Market and Manufacturing Sector in India Stock Market and Manufacturing Sector in India Новинка

Stock Market and Manufacturing Sector in India

The interaction of the financial sector particularly the growth effects of stock market on the real economy is a matter to be probed. Over the past few decades the world stock markets have surged and emerging market countries have accounted for a large share of this boom. The growth of stock markets in emerging markets is partly due to the shift in policies from ‘financial repression’ to ‘financial liberalization’ which led to an increasing significance of capital markets in the allocation of financial resources. The study has ventured to analyze the impact of financial development, financial structure and financial reforms on private corporate manufacturing industries. Along with this the study also examined the influence of stock market development on industries capital structure, where in the factors affecting fixed capital expenditure across the industries also examined. The study covers the period from 1990 to 2007. The main aim of the study is to investigate the influence of reforms on growth of value added, investment patterns and foreign portfolio investments in Indian industries.
Financial Innovation, Capital Market and Economic Growth Financial Innovation, Capital Market and Economic Growth Новинка

Financial Innovation, Capital Market and Economic Growth

The importance of a diversified, vibrant, mature and efficient financial system in stimulating economic development cannot be overemphasized. Economists often suggest that if the financial system is to play a role in the economic growth of a country, it can be through its effect on financial innovation. The extant literature reveals that financial innovation has been a critical and persistent part of the economic landscape over the past few decades. It has been argued that financial innovation has the potential of putting a country’s economy in the high growth trajectory. However, the most recent global financial slow down reminds us that financial innovation is not without risk; it can create, or intensify risk. This book, therefore, provides a study on the role of financial innovation in the emerging capital market of India in contributing to economic growth of the country through its developmental influence on the financial sector. The book would be useful to investment managers, market participants, and professionals dealing with innovative financial products. It would be helpful to policy makers or anyone else who is involved in the process of economic and financial planning.
The Sources of Economic Growth in Ethiopia 1961-2009 The Sources of Economic Growth in Ethiopia 1961-2009 Новинка

The Sources of Economic Growth in Ethiopia 1961-2009

Emphasizes the fundamental objectives of development economics , macroeconomic policy and contemporary research.Points out the sources of economic growth in Ethiopia, 1961-2009, with the econometric model based growth accounting exercise. A great help in understanding the mechanics of growth decomposition in general and the sources of growth in one of the fastest growing economy,Ethiopia, in the world particularly.
Developmental State and Economic Transformation: The Case of Ethiopia Developmental State and Economic Transformation: The Case of Ethiopia Новинка

Developmental State and Economic Transformation: The Case of Ethiopia

The question of whether state intervention in the process of growth and development helps poor countries grow in a sustained way is still mired by controversy. According to some scholars view, a state economic intervention often appears to have been more a hindrance than help, stifling the market rather than facilitating the process of economic growth and transformation. One of the prominent views now, especially by neo-liberals, is that the state in Africa and other developing countries should reduce its role in the process of economic transformation.In contrast to the neo-liberals, others take an opposite view and argue that state intervention is necessary for development to take place because development requires not less state but better state action and this is likely from a ‘developmental state’ model. These views indicate that scholars are under debate whether state-led development strategies could promotes or create additional hurdles for economic growth and transformation.The author, therefore, provides an analysis of the effects of developmental state strategies on economic transformation in Ethiopia.
Trevor Williams Trading Economics. A Guide to Economic Statistics for Practitioners and Students Trevor Williams Trading Economics. A Guide to Economic Statistics for Practitioners and Students Новинка

Trevor Williams Trading Economics. A Guide to Economic Statistics for Practitioners and Students

A practical guide to understanding how key economic and market statistics drive financial market trends The recent global financial crisis stressed the need for economists who understand how key economic and market statistics drive financial market trends and how to mitigate the risks for businesses that those trends affect. Trading Economics provides guidance for navigating key market figures in a convenient and practical format. Emphasizing the link between economic data and market movements, this book analyzes surveys, economic growth statistics, inflation, labor markets, international trade, monetary and fiscal indicators, and their relevance in financial markets. It bypasses complex terminology to offer a hands-on, accessible introduction to financial statistics and how to profit from them. Offers clear illustrations and an easy-to-read layout to teach you how to trade profitably in financial markets and minimizes risk for your business Written Trevor Williams and Victoria Turton, authoritative public figures with experience working on the New York Stock Exchange Includes a website featuring a blog and new surveys as they develop accompanies the book Complete with worked examples and updated information, Trading Economics is an essential, comprehensive guide to understanding every aspect of financial market trends and how to navigate them to your advantage.
Regional and Local Economic Development Regional and Local Economic Development Новинка

Regional and Local Economic Development

From the growth of a multi-billion-dollar high-technology corridor in Malaysia to conflict over housing development in Chicago, the practice of regional and local economic development around the world is both dynamic and diverse. Regional and Local Economic Development introduces the theory behind economic development and provides examples of successful, and less successful, practice. This broad-ranging new text shows how government, private industry and individuals combine to achieve economic development. It examines the development of policies and practices in recent decades – such as eco-industrial parks, place marketing and social enterprises – and analyzes the ways in which contemporary regional economies are changing. It also summarizes the key academic debates and reviews the main concepts which inform policy-making. Truly global in scope, with case studies from over 30 countries, this book will be welcomed by students and practitioners alike.
Economic Growth and its determinants: Empirical investigation Economic Growth and its determinants: Empirical investigation Новинка

Economic Growth and its determinants: Empirical investigation

In a modern world economic growth used to measure economic and in some cases political power of the countries. For that reason, it is necessary to analyse the determinants which make a dramatic impact on economic growth in order to stabilize economic performance of the governments and gain to long term and sustainable development. This book examines the role of macroeconomic determinants in economic growth through inflation, unemployment, trade, government expenditure, exchange rate and gross capital formation by using econometric methods. The data consist of 92 countries and the period from 1990 to 2006. The results show that macroeconomic determinants make a significant impact on economic growth.
Regional and Local Economic Development Regional and Local Economic Development Новинка

Regional and Local Economic Development

From the growth of a multi-billion-dollar high-technology corridor in Malaysia to conflict over housing development in Chicago, the practice of regional and local economic development around the world is both dynamic and diverse. Regional and Local Economic Development introduces the theory behind economic development and provides examples of successful, and less successful, practice. This broad-ranging new text shows how government, private industry and individuals combine to achieve economic development. It examines the development of policies and practices in recent decades – such as eco-industrial parks, place marketing and social enterprises – and analyzes the ways in which contemporary regional economies are changing. It also summarizes the key academic debates and reviews the main concepts which inform policy-making. Truly global in scope, with case studies from over 30 countries, this book will be welcomed by students and practitioners alike.
Foreign Aid, Development Expenditures and economic Growth Foreign Aid, Development Expenditures and economic Growth Новинка

Foreign Aid, Development Expenditures and economic Growth

Importance of Foreign Aid in Economic Growth & Development of Developing Countries.Foreign aid to developing countries is a subject of heated debate among politicians, economists, and development specialists. Does aid promote economic growth and reduce poverty?Due to the importance of this topic, the impact of foreign aid has been the subject of very extensive investigation. The key question that both the donor and the recipient countries question is whether aid has any effect on developing countries’ growth and their level of poverty. This issue has been approached from various perspectives; nevertheless, a single and definite answer still does not exist. Therefore, it is important to note that not only factors such as the amount and type of financial aid impact the effectiveness of available funds but also the appropriate use of these funds by the receiving country plays a vital role.
The Impact of Research and Development on Economic Growth The Impact of Research and Development on Economic Growth Новинка

The Impact of Research and Development on Economic Growth

This book is designed for experienced Economists and students of Economics. It addresses a very relevant subject that should be given serious considerations especially by developing economies. Research and development is critical for economic development. This book's goal is also to trigger future research on the major drivers of economic growth not only for developing economies but for developed economies as well.
Banks' Financial Intermediation and Economic Growth Banks' Financial Intermediation and Economic Growth Новинка

Banks' Financial Intermediation and Economic Growth

This book is on the relationship between finance and economic growth. The need to grow economies especially those of less developed countries and the the unending contentions among economists as to the relationship between finance and economic growth motivated the writing of this text. In many developing economies banks play a key role in the provision of finance,this explains the primacy these institutions are accorded in this book. In assessing the extent finance contributes to economic growth, financial intermediation by banks is used as a proxy for finance while gross domestic product growth rate represented economic growth. The book showed that the reliance on banks by most developing countries to generate growth may be unfruitful. This is because, the Nigerian case surveyed in this book noted marginal contribution by banks to economic development.
Role of ICTs in Local Economic Development Role of ICTs in Local Economic Development Новинка

Role of ICTs in Local Economic Development

In the contemporary world, information and communication technologies are powerful instruments in accelerating economic development through production, distribution and exchange of market information in business operation as well as trade and consumption patterns among enterprises and consumers. Therefore, The study primarily aimed to investigate and assess the economic role of ICTs and its challenges in the case of Tarcha town by deploying ICT user economic development oriented private business enterprises. Findings of the study indicated that, the role of ICTs services on enhancement of economic development in terms of income growth, creation of employment opportunity, productive efficiency and creation of market opportunity was moderate. More over, the paper has clearly indicated that, the use of the selected ICTs services were positively and significantly correlated with the core economic development predicting variables. How ever, challenges like inadequate supply coupled with poor quality of ICTs service provision, ill functioning of telecommunication sector at the local level, less collaboration of Ethiopian Telecommunication Corporation (ETC) with the local government.
Market Orientation Market Orientation Новинка

Market Orientation

Revision with unchanged content. With globalization, trade liberalization and a digital world’s economy, there is a growing interest among practitioners and researchers to investigate the role of marketing management to improve firms output, return on investment and at a macro level improving the well being of societies. This book des­cribes the role of marketing in economic development. A thorough review of literature was investigated and an empirical study was undertaken. Market orientation focuses on a business culture and activities that enhance business performance, producing superior value to customers, outstanding perfor­mance for the firm and aggregately for the economy. The focus of this book was to empirically test this market orientation theory in countries. Market orientation is regarded as a theoretically important determinant of industry growth (Kohli & Jaworski, 1990), so it will therefore have important implications for economic development. The analysis helps answers the questions: Is there a significant relationship between the market orientation and financial performance of companies in developing countries? Can mar­ket orientation be used effectively for developing countries to increase their financial performance in the marketplace? Is there a relationship between market orientation and economic development in developing coun­tries?
Financial Development, Social Development and Economic Growth in Asia Financial Development, Social Development and Economic Growth in Asia Новинка

Financial Development, Social Development and Economic Growth in Asia

Financial Development, Social Development and Economic Growth: Causal Nexus between Selected Asian Countries Application of advanced Econometric tools in Finance is the main focus of the book. This book helps in building knowledge in the development scenario of the emerging Asian countries. This book has a dual dimension of application of statistics in management as well as integrating development theory with empirical Finance.
Market Development and Aggregate Production Planning Market Development and Aggregate Production Planning Новинка

Market Development and Aggregate Production Planning

The process of globalisation and market growth opportunities lead multinational companies to internationalise and explore potentials of transition economies. In this book, three different market entry and development theories have been presented whereby special emphasis has been put on supporting the Uppsala Internationalisation Model. For this purpose real facts and figures of Coca-Cola Hellenic Bosnia and Herzegovina have been used. In addition, this example shows how the unstable political and economic environment of transition economies forces firms and managers to respond to fast changes in the business environment. The book contains a detailed explanation of each development stage. Furthermore, this book refers to the calculation of distribution costs and provides two possible production optimisation solutions with EXCEL/Solver including all formulas and constraints.
Entrepreneurship, Economic Growth and Economic Development in American Counties Entrepreneurship, Economic Growth and Economic Development in American Counties Новинка

Entrepreneurship, Economic Growth and Economic Development in American Counties

America is a nation where a strong entrepreneurial culture establishes favorable conditions for subsequent entrepreneurship activity. I develop and test a model that comprises the determinants and consequences of new venture creation in American counties. The empirical results using a sample of 2,300 counties support direct and mediation effects between determinants of new venture creation and economic development and growthThis study contributes to knowledge by empirically testing an existing framework of entrepreneurship as well as assessing how new venture creation improves the economic development and growth in American counties. Particularly, the study finds environmental determinants to foster new venture creation and confirms the contention that new venture creation contributes to improve the economic conditions of a region.Recommendations for future theoretical and empirical research as well as practical implications for entrepreneurs and policymakers are also discussed.

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A practical guide to understanding how key economic and market statistics drive financial market trends The recent global financial crisis stressed the need for economists who understand how key economic and market statistics drive financial market trends and how to mitigate the risks for businesses that those trends affect. Trading Economics provides guidance for navigating key market figures in a convenient and practical format. Emphasizing the link between economic data and market movements, this book analyzes surveys, economic growth statistics, inflation, labor markets, international trade, monetary and fiscal indicators, and their relevance in financial markets. It bypasses complex terminology to offer a hands-on, accessible introduction to financial statistics and how to profit from them. Offers clear illustrations and an easy-to-read layout to teach you how to trade profitably in financial markets and minimizes risk for your business Written Trevor Williams and Victoria Turton, authoritative public figures with experience working on the New York Stock Exchange Includes a website featuring a blog and new surveys as they develop accompanies the book Complete with worked examples and updated information, Trading Economics is an essential, comprehensive guide to understanding every aspect of financial market trends and how to navigate them to your advantage.
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