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dc.contributor.authorWamubu, Linda Wambui
dc.date.accessioned2022-02-02T13:37:44Z
dc.date.available2022-02-02T13:37:44Z
dc.date.issued2021
dc.identifier.urihttp://hdl.handle.net/11071/12565
dc.descriptionSubmitted in partial fulfilment of the requirements for the Degree of Bacbelor of Business Science in Financial Economics at Strathmore Universityen_US
dc.description.abstractThe study employs ARDL Bounds test of cointegration technique and VECM based Granger Causality to determine the short-run and long-run relationship between stock market development and economic growth for the period 2005-2019. Evidence from the model where real GDP growth is the dependent variable reveals that both market capitalization ratio and total value traded ratio are insignificant in expiaining growth. The evidence from modei 2 where reai GDP and oniy the short run dynamics are considered reveal that only market capitalization ratio is significant in explaining economic growth. Results from the Granger causality test show a unidirectional relationship from economic growth to totai value traded ratio (liquidity of the stock market).en_US
dc.language.isoenen_US
dc.publisherStrathmore Universityen_US
dc.titleThe relationship between stock market development and economic growtb: A Kenyan case study.en_US
dc.typeUndergraduate projecten_US


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