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dc.contributor.authorMacharia, Lisa
dc.date.accessioned2016-03-22T07:15:03Z
dc.date.available2016-03-22T07:15:03Z
dc.date.issued2015-11
dc.identifier.urihttp://hdl.handle.net/11071/4348
dc.descriptionSubmitted in partial fulfillment of the requirements for the Degree of Bachelor of Business Science in Financial Economics at Strathmore Universityen_US
dc.description.abstractThe main purpose of this study was to explore the relationship between the stock market development and economic growth by establishing a causal link between them using annual time series data for the period 1990 to 2014. The study utilized econometric techniques such as Unit Root Tests, Vector Auto-regressive model and Granger Causality Tests. The empirical results did not show a direct link between economic growth and the stock market. However, they showed that foreign direct investment granger causes the stock market variables and therefore has an impact on the growth in size and liquidity of the Kenyan stock market.en_US
dc.language.isoenen_US
dc.publisherStrathmore Universityen_US
dc.subjectEconomic Growthen_US
dc.subjectStock Market Developmenten_US
dc.subjectGranger Causalityen_US
dc.subjectVector Autoregressionen_US
dc.titleStock market development and economic growth - evidence from Kenyaen_US
dc.typeOtheren_US


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