STOCK MARKET DEVELOPMENT AND ECONOMIC GROWTH: THE CAUSAL LINKAGE

By Guiglielmo Maria Caporale, P. Howells, Alaa M. Soliman. 2004

339 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/446360b53e7aefe469862bd8b947e697236e2bf6

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Citations in the corpus

• Does the stock market cause economic growth? Portuguese evidence of economic regime change (2013, methodology): “Also, the level of country development is important, given that it is related to the effect that the stock market has on long-run growth (e.g. Capasso, 2006; Caporale et al., 2004; Durham, 2002).”
• Stock market development and economic growth: Evidence from seven sub-Sahara African countries (2009, background): “1 The pioneer work on the causal relationship between financial development and economic growth by Gurley and Shaw (1955), Goldsmith (1969), Shaw (1973) and Mckinnon (1973) concluded that the development of the financial markets was significantly connected with the level of per capita income.”