Stock Market Liberalization, Stock Market Performance and Economic Growth in Kenya

Simple item page
dc.contributor.authorKinuthia, Isaac Kimunio
dc.contributor.authorEtyang, Martin N.
dc.date.accessioned2014-08-21T12:46:49Z
dc.date.available2014-08-21T12:46:49Z
dc.date.issued2014
dc.descriptionDOI: 10.5539/ijef.v6n4p196en_US
dc.description.abstractThe study empirically examined whether stock market liberalization improves the functioning of domestic stock market and accelerates economic growth in Kenya. The study also assessed the kind of relationship between liberalization, stock market performance and economic growth in Kenya. Liberalization was assessed by stock market capitalization while turnover was used to asses stock market performance. The study used quarterly time series data collected through secondary sources and covered a period of 22 years from January, 1991 to December, 2012. The study utilized econometric techniques of Vector autoregressive and Granger Causality Tests to investigate the relationships. The results displayed a one way causality that runs from stock market development to economic growth. The results also show that stock market liberalization indirectly impacts on economic growth through investment. The study found that stock market liberalization has a significant positive impact on the economic growth in Kenyaen_US
dc.identifier.citationInternational Journal of Economics and Finance; Vol. 6, No. 4; 2014en_US
dc.identifier.issn1916-971X
dc.identifier.other1916-9728
dc.identifier.urihttp://ir-library.ku.ac.ke/handle/123456789/10993
dc.language.isoenen_US
dc.publisherCanadian Center of Science and Educationen_US
dc.subjectliberalizationen_US
dc.subjectmarket capitalizationen_US
dc.subjectturnoveren_US
dc.subjecteconomic growthen_US
dc.titleStock Market Liberalization, Stock Market Performance and Economic Growth in Kenyaen_US
dc.typeArticleen_US
Files
Original bundle
Now showing 1 - 1 of 1
Thumbnail Image
Name:
Stock Market Liberalization, Stock Market Performance and Economic Growth in Kenya.pdf
Size:
430.55 KB
Format:
Adobe Portable Document Format
Description:
fulltext
Download
License bundle
Now showing 1 - 1 of 1
No Thumbnail Available
Name:
license.txt
Size:
1.71 KB
Format:
Item-specific license agreed upon to submission
Description:
Download
Collections
RP-Department of Applied Economics