Skip to main content
Article thumbnail
Location of Repository

Stock Market Development in Africa: do all macroeconomic financial intermediary determinants matter?

By Anutechia Simplice Asongu


This study brings light to some financial intermediary development factors that could negate stock market development, as well as those that could improve it. Using a panel of eight countries, from 1989 to 2008, we derive indexes via Principal Component Analysis; based on which panel fixed effect regressions are performed. The principal edge of this work is that, in policy making, not all aspects of financial intermediary development should be prioritized for stock market development.

Topics: G1 - General Financial Markets, G2 - Financial Institutions and Services, G0 - General
Year: 2010
OAI identifier:

Suggested articles

To submit an update or takedown request for this paper, please submit an Update/Correction/Removal Request.