The Role of Stock Market Development on Economic Growth in OPEC Countries: Does Oil Price Movement Matter? Fresh Evidence from Nigeria

2017 ◽  
Vol 5 (2) ◽  
pp. 194-207 ◽  
Author(s):  
Kingsley Okere ◽  
Paul Ndubuisi
Keyword(s):  
Economic Growth ◽  
Stock Market ◽  
Oil Price ◽  
Market Development ◽  
Price Movement ◽  
Stock Market Development

scholarly journals The dynamics of capital market development in Zimbabwe

2012 ◽  
Vol 9 (2) ◽  
pp. 355-363
Author(s):  
Kunofiwa Tsaurai ◽  
Nicholas M. Odhiambo
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
Stock Market ◽  
Capital Market ◽  
Positive Influence ◽  
Market Development ◽  
Stock Market Development ◽  
Domestic Savings ◽  
Recent Debate

This paper takes stock of the achievements, the trends, as well as the challenges facing the stock market development in Zimbabwe. The study has been motivated by the recent debate on the role of stock market development in economic growth in developing countries. Apart from highlighting the role of stock market development, as well as the efficacy of the stock market in bolstering economic growth in Zimbabwe, the study also pinpoints some of the factors that limit the stock market development in Zimbabwe. The findings of this study show that the experience of Zimbabwe with stock market development, just as in many other developing countries, is mixed. In particular, the positive influence of stock market development on savings and investment remains low in Zimbabwe. While stock market development has been increasing, the country’s gross domestic savings and investment have been low and subsiding. This suggests that Zimbabwe’s gross national savings could be stock market development inelastic.

scholarly journals The Relationship Between Stock Market Development And The Opacity Index

2013 ◽  
Vol 12 (9) ◽  
pp. 1131
Author(s):  
John Kamiru ◽  
Carl B. McGowan, Jr.
Keyword(s):  
Economic Growth ◽  
Stock Market ◽  
Financial Institutions ◽  
Growth And Development ◽  
Rate Of Return ◽  
Market Development ◽  
Stock Market Development ◽  
Economic Growth And Development ◽  
The Relationship

In this paper, we investigate the relationship between stock market development and the Opacity Index for 2005/2006, 2007/2008, and 2009. The role of financial institutions in promoting economic growth and development is well established. The specific role of the stock market in economic growth and development is to provide capital to entrepreneurs and growing companies and to direct capital to companies that provide the highest rate of return. The Opacity Index is a measure of transparency for an economy and measures the degree of transparency in an economy. We find a statistically significant relationship between the Opacity Index and the ratio of stock market capitalization divided by GDP for a sample of 45 countries for which the Opacity Index is provided.

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