Document Type

Journal Article

Publication Details

Cooray, A. V. (2010). Do stock markets lead to economic growth?. Journal of Policy Modeling: A Social Science Forum of World Issue, 32 (4), 448-460.

Abstract

Augmenting the Mankiw, Romer, and Weil (1992) model with a variable for the stock market, this study finds strong support for the stock market augmented model for a cross section of 35 developing economies. In conclusion it is noted that policy measures taken to increase the size, liquidity and activity of the stock market will further enhance growth.

RIS ID

33228

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