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http://hdl.handle.net/123456789/5308| Title: | Bank Competition, Stock Market and Economic Growth in Ghana |
| Authors: | Asante, Stephen Agyapong, Daniel Anokye, Adam M. |
| Keywords: | Bank Competition Stock Market Cointegration ARDL |
| Issue Date: | 2011 |
| Publisher: | University of Cape Coast |
| Abstract: | The paper empirically investigates the relationship between bank competition, stock market and economic growth in Ghana using time series data for the period between 1992 and 2009. Short and long run relationship were established within the frameworks of Granger causality and the Autoregressive Distributed Lag (ARDL)/ Dynamic Ordinary Least Square (OLS) approach respectively. It was found that bank competition and stock market development granger cause economic growth in Ghana. Also, in the long run, banking competition is good for economic growth. However, there is a disproportionate response of economic growth to stock market development. It is recommended that policy to promote banking competition should be vigorously pursued. |
| Description: | 9p:ill |
| URI: | http://hdl.handle.net/123456789/5308 |
| Appears in Collections: | Department of Accounting & Finance |
Files in This Item:
| File | Description | Size | Format | |
|---|---|---|---|---|
| Bank Competition, Stock Market and Economic Growth in Ghana.pdf | Article | 85.07 kB | Adobe PDF | View/Open |
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