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Does Supply-Leading Hypothesis Holds in South Africa? Evidence from ARDL Estimation Technique
Journal of Economics Bibliography
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| Title |
Does Supply-Leading Hypothesis Holds in South Africa? Evidence from ARDL Estimation Technique
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| Creator |
ALI, Hamisu Sadi; Faculty of Economics & Management, Universiti Putra Malaysia (UPM),43400, Selangor, Darul Ehsan.Malaysia.Mobile: +60169580430 Malaysia.
ZUBAIRU, Abba N.; Faculty of Economics & Management,Universiti Putra Malaysia (UPM),43400, Selangor, Darul Ehsan.Malaysia, & Department of Pre-ND Studies, Ramat Polytechnic, P.M.B. 1070, Maiduguri-Nigeria. Mobile: +60166168912. ABDULLAHI, Yakubu J.; Faculty of Economics & Management,Universiti Putra Malaysia (UPM),43400, Selangor, Darul Ehsan.Malaysia, & Department of Business Education, Ramat Polytechnic, P.M.B. 1070, Maiduguri-Nigeria. Mobile: +60166168914. |
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| Description |
Abstract. Using ARDL bound test procedure the present study investigates whether economic growth influences financial sector development through stock market development in South Africa for the period of 2005 to 2014.The finding shows that growth of the economy enhances financial sector development through stock market medium in South Africa both in short run and long-run phenomenon. The finding confirmed the existence of Joan Robison (1952) supply leading hypothesis in the country investigated. The policy implication is that the authority in this country needs to put additional efforts in policies that will boost the overall performance of the economy considering its positive influence on financial sector development via stock market boost. Effective policies that will enhance the competitiveness of the stock market performance are essential ingredient that will boost the performance of the stock market and hence will have multiplier effect on the overall economy.Keywords. Financial Development, Economic growth, ARDL, Cointegration, South Africa.JEL. F40, F43, F63.
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| Publisher |
Journal of Economics Bibliography
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| Date |
2015-12-18
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion Peer-reviewed Article |
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| Format |
application/pdf
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| Identifier |
http://www.kspjournals.org/index.php/JEB/article/view/545
10.1453/jeb.v2i4.545 |
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| Source |
Journal of Economics Bibliography; Vol 2, No 4 (2015): December; 194-200
2149-2387 |
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| Language |
eng
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| Relation |
http://www.kspjournals.org/index.php/JEB/article/view/545/664
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| Rights |
Copyright (c) 2015 Journal of Economics Bibliography
http://creativecommons.org/licenses/by-nc/4.0 |
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