Stock Market Development and Economic Growth in Sri Lanka

Stock Market Development and Economic Growth in Sri Lanka

Article ID

3N8T4

Stock Market Development and Economic Growth in Sri Lanka

S. A. U. Niranjala Rajarata University of Sri Lanka

Wei Jianguo

DOI

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Abstract

Stock markets have long played an important role in economic life (Stijn, V. N., Frans, B., Ludo, C., 2006). The objective of this study is to explore the presence of a causal relationship between stock market development and economic growth in Sri Lanka. Sample period uses annual time series data over the period from 1990 to 2013. To address this relationship, a Granger Causality Test was employed. Nominal GDP values are used as a proxy for economic growth, and market capitalization ratio (MCR) is used as a proxy for stock market development. The results of this study support that the stock market performance plays a major role in economic growth in Sri Lanka.

Stock Market Development and Economic Growth in Sri Lanka

Authors

S. A. U. Niranjala Rajarata University of Sri Lanka

Wei Jianguo

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References

How to Cite

S. A. U. Niranjala. 2015. “. Global Journal of Management and Business Research – B: Economic & Commerce GJMBR-B Volume 15 (GJMBR Volume 15 Issue B8): .

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Journal Specifications

Crossref Journal DOI 10.17406/GJMBR

Print ISSN 0975-5853

e-ISSN 2249-4588

GJMBR Volume 15 Issue B8
Pg. 39- 44

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Classification

GJMBR-B Classification: JEL Code: O40

Submission Received February 5, 2015
Accepted March 1, 2015
Published March 15, 2015

Keywords

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Article Matrices

Total Score: 102

Country: Sri Lanka

Subject: Global Journal of Management and Business Research - B: Economic & Commerce

Authors: S. A. U. Niranjala, Wei Jianguo (PhD/Dr. count: 0)

View Count (all-time): 128

Total Views (Real + Logic): 4187

Total Downloads (simulated): 2013

Publish Date: 2015 10, Thu

Monthly Totals (Real + Logic):

Month 1: 31 views
Month 2: 28 views
Month 3: 43 views
Month 4: 38 views
Month 5: 41 views
Month 6: 26 views
Month 7: 42 views
Month 8: 32 views
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Month 11: 37 views
Month 12: 26 views
Month 13: 32 views
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Month 15: 35 views
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Month 122: 47 views
Month 123: 28 views
Month 124: 48 views
Month 125: 72 views
Month 126: 39 views

Total Views: 4187

Total Downloads: 2013

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