Enisan, Akinlo A.; Olufisayo, Akinlo O. - In: Journal of Economics and Business 61 (2009) 2, pp. 162-171
The paper examines the long run and causal relationship between stock market development and economic growth for seven countries in sub-Saharan Africa. Using the autoregressive distributed lag (ARDL) bounds test, the study finds that the stock market development is cointegrated with economic...