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the causal relationship between ICT adoption and stock market development in Africa. The study examined a panel of 11 … cointegration and examine the causal relationship between ICT adoption and stock market development. The dependent variable employed …
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variable for SACU countries, namely, South Africa, Botswana, Lesotho, Namibia, and eSwatini. The study applies the … cointegration test based on the Johansen (1988) and the Johansen and Juselius (1990) approach, followed by the vector error … export-led growth hypothesis is valid in Namibia and South Africa, but not in eSwatini, Botswana, and Lesotho. Implications …
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