The causal relationship between the stock market and foreign direct investments - evidence from Kenya

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dc.contributor.authorSiimoi, Tobiko Allyn
dc.date.accessioned2016-03-02T16:21:16Z
dc.date.available2016-03-02T16:21:16Z
dc.date.issued2015-11
dc.descriptionA research project submitted in partial fulfillment of the requirements for the Degree of Bachelor of Business Science Actuarial at Strathmore Universityen_US
dc.description.abstractThe paper aims at investigating the nature of the causal relationship between Foreign Direct Investments and the Stock Market index in Kenya. The relationship has proved to be significant enough to solicit an empirical relationship. The Granger Causality test as proposed by C. J. Granger in 1969 and later redefined by Toda and Yamamoto in 1995 is applied in the study. For the test to be conducted stationarity must be proven, therefore the study adopts 2 methods to test for stationarity; The Augmented Dickey-Fuller (ADF) and The Phillips-Perron tests. The panel data is for the period 1990-2014. Data on the Stock Market Index was obtained from the NSE website and data on Foreign Direct Investments will be obtained from the World Bank website. The results from the study showed no causal relationship between the 2 variables studied.en_US
dc.identifier.urihttp://hdl.handle.net/11071/4287
dc.language.isoenen_US
dc.publisherStrathmore Universityen_US
dc.subjectRelationshipen_US
dc.subjectForeign direct investmentsen_US
dc.subjectEvidenceen_US
dc.subjectKenyaen_US
dc.subjectGranger Causalityen_US
dc.subjectAugmented Dickey-Fuller (ADF)en_US
dc.subjectPhillips-Perronen_US
dc.subjectStock Market Indexen_US
dc.titleThe causal relationship between the stock market and foreign direct investments - evidence from Kenyaen_US
dc.typeOtheren_US
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