Do the Stock Markets Positively Impact Economic Growth in Waemu1?
Abstract
This study analyzes the effect of stock market activity on WAEMU economic growth. A linear growth model is estimated on a panel of six (06) WAEMU countries for the period 1998-2015. The annual data come from the World Bank, the BRVM3 and the BCEAO4. The results show that official development assistance and market capitalization have a positive influence on WAEMU's economic activity. Thus, privatizations, tax relief, good governance are to be encouraged at the state and company level.
Full Text: PDF DOI: 10.15640/jeds.v6n4a11
Abstract
This study analyzes the effect of stock market activity on WAEMU economic growth. A linear growth model is estimated on a panel of six (06) WAEMU countries for the period 1998-2015. The annual data come from the World Bank, the BRVM3 and the BCEAO4. The results show that official development assistance and market capitalization have a positive influence on WAEMU's economic activity. Thus, privatizations, tax relief, good governance are to be encouraged at the state and company level.
Full Text: PDF DOI: 10.15640/jeds.v6n4a11
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