Foreign Direct Investment (FDI) and Stock market Development: Ghana Evidence

Using multivariate cointegration and Innovation Accounting Methods, this paper examines the impact of Foreign Direct Investment (FDI) on stock market development in Ghana. The paper finds long-run relationship between FDI and stock market development in Ghana. Using impulse responses and Variance Decomposition from Vector Error Correction Model we find that shocks in FDI significantly influence the development of stock market in Ghana

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Year of publication:	2008-10
Authors:	Adam, Anokye M. ; Tweneboah, George
Institutions:	Volkswirtschaftliche Fakultät, Ludwig-Maximilians-Universität München
Subject:	Stock Market Development \| Foreign Direct Investment and Market Capitalization

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Extent:	application/pdf
Series:	MPRA Paper.
Type of publication:	Book / Working Paper
Classification:	F20 - International Factor Movements and International Business. General ; C50 - Econometric Modeling. General ; G20 - Financial Institutions and Services. General
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005617103