IJHSSR
International Journal of Humanities and Social Science Research | Volume 3
Table of ContentsVolume 3, 2017
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Examination and Comparison of Nuclear Energy with other Available Energy Sources for Electricity Production in Turkey - Pages 38-42 N. Fusun Oyman Serteller Challenges of Social Reintegration for the 2013 Saudi Arabian Returnees in Ethiopia - Pages 31-37 Identities, Nations and Ethnicities: A Critical Comparative Study from Southeast Asia - Pages 12-30 Recruiting, Organizing, Planning, and Conducting a 3-Week, Short-Term Study Abroad Program for Undergraduate Students: Guidelines and Suggestions for First-Time Faculty Leaders - Pages 1-11 Disclaimer Statement |
International Journal of Humanities and Social Science Research | Volume 4
Does Stock Market Development Enhance Private Investment in Ghana? Grace Ofori-Abebrese, Eugenia Amporfu and George Adu DOI: Published: 15 April 2016
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Abstract: The paper investigates the extent to which stock market development enhances private investment in Ghana. Quarterly times series data for the period 1991(Q1) to 2011(Q4) are used. Stock market development is proxy by market capitalization. The paper adopts the Dynamic Ordinary Least Squares (DOLS) method of estimation. The results for deposit interest rates, GDP per capita, and public investment confirm complementarity hypothesis, accelerator principle, as well as “crowding-in” effect for Ghana in the long-run in their respective cases. Market capitalization also increases private investment in the long-run. However, inflation reduces private investment. In the short-run, one quarter lag and two quarters lag values of private investment and public investment respectively increases private investment, while one quarter lag value of market capitalization reduces current levels of private investment. The paper recommends further development of the stock market since doing so will attract more investors and ultimately enhance private investment. Keywords: Market capitalisation, private investment, DOLS, Africa, Ghana. |
International Journal of Humanities and Social Science Research | Volume 5
Table of ContentsVolume 5, 2019
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Socio-Political Influences of Samad Behrangi's Translations on Reformist Movements in Iran in the 1970s - Pages 26-30 Is there “Black Panther” Movement in Israel? Protests of Ethiopian Jews - Sources of Conflict and Policy Implications - Pages 10-25 The Muslims of India and the First World War 1914-1918 - Pages 1-9 Disclaimer Statement |