Bank Competition, Stock Market and Economic Growth in Ghana

Asante, Stephen; Agyapong, Daniel; Anokye, Adam M.

dc.contributor.author	Asante, Stephen
dc.contributor.author	Agyapong, Daniel
dc.contributor.author	Anokye, Adam M.
dc.date.accessioned	2021-04-08T12:09:00Z
dc.date.available	2021-04-08T12:09:00Z
dc.date.issued	2011
dc.identifier.uri	http://hdl.handle.net/123456789/5308
dc.description	9p:ill	en_US
dc.description.abstract	The paper empirically investigates the relationship between bank competition, stock market and economic growth in Ghana using time series data for the period between 1992 and 2009. Short and long run relationship were established within the frameworks of Granger causality and the Autoregressive Distributed Lag (ARDL)/ Dynamic Ordinary Least Square (OLS) approach respectively. It was found that bank competition and stock market development granger cause economic growth in Ghana. Also, in the long run, banking competition is good for economic growth. However, there is a disproportionate response of economic growth to stock market development. It is recommended that policy to promote banking competition should be vigorously pursued.	en_US
dc.language.iso	en	en_US
dc.publisher	University of Cape Coast	en_US
dc.subject	Bank Competition	en_US
dc.subject	Stock Market	en_US
dc.subject	Cointegration	en_US
dc.subject	ARDL	en_US
dc.title	Bank Competition, Stock Market and Economic Growth in Ghana	en_US
dc.type	Article	en_US