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Thursday, April 30, 2020 | History

3 edition of On stock market development, banks, and economic growth in India found in the catalog.

On stock market development, banks, and economic growth in India

Pratap Chandra Biswal

On stock market development, banks, and economic growth in India

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  • 12 Currently reading

Published by Institute for Social and Economic Change in Bangalore .
Written in English

    Places:
  • India.
    • Subjects:
    • Stock exchanges -- India.,
    • Economic development.

    • Edition Notes

      StatementPratap Chandra Biswal, B. Kamaiah.
      SeriesWorking paper ;, 69, Working paper (Institute for Social and Economic Change) ;, 69.
      ContributionsInstitute for Social and Economic Change.
      Classifications
      LC ClassificationsMicrofiche 2002/60259 (H)
      The Physical Object
      FormatMicroform
      Pagination11 p.
      Number of Pages11
      ID Numbers
      Open LibraryOL3534629M
      ISBN 108177910256
      LC Control Number2001435701

      The relationship between stock market development, banking development and economic growth. Research objectives: The objective of this thesis is to find out the existence of relationship between stock market development, banking development and economic growth based on panel data.


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On stock market development, banks, and economic growth in India by Pratap Chandra Biswal Download PDF EPUB FB2

Economic growth in India. Using the stock market development indicators viz., market size, liquidity, and volatility along with bank credit to GDP ratio as an indicator of banking sector development, and Industrial Production (IP) as the proxy for GDP, the present study shows that it is not the banking development but the stock market growth, whichCited by: 2.

Using the stock market development indicators viz., market size, liquidity, and volatility along with bank credit to GDP ratio as an indicator of banking sector development, and Index of Industrial Production (IIP) as the proxy for GDP, this paper examines the role of stock markets and banks in promoting economic growth in India.

Stock Market Development and Economic growth in India: An Empirical Analysis I. Introduction The Indian financial sector has undergone a significant structural transformation since the initiation of the economic reforms in ’s.

Financial sector reforms mainly entailed reforms of the banking system and the capital Size: KB. The link between stock market development and economic activity has always been the subject of considerable debate in the field of economics and it raises empirical question whether stock market development influences economic activity or whether it is a consequence of increased economic activity.

Palamalai, Srinivasan and Prakasam, Karthigai, Stock Market Development and Economic Growth in India: An Empirical Analysis (Janu ). Srinivasan P.

and Karthigai P. (), Stock Market Development and Economic Growth in India: An Empirical Analysis, International Journal of Finance & Banking Studies, 5(3), Cited by: 2. that in India stock markets are no substitutes for the banking sector, unlike in some emerging economies like Chile and Mexico.

JEL Classification: F43, G21, O16 Key words: financial development, economic growth, banking sector, stock market I. Introduction Since the beginning of the ˇs, the Indian economy has been undergoing economic.

Abstract. Aim of this study is to empirically investigate the role of stock market development on economic growth of the emerging markets listed in MSCI Emerging Market Index using annual data over the period from to Cited by: 1. The OLS regressions demonstrate a strong positive association between stock market development, bank development, and economic growth.

Both bank devel-opment (bank credit) and stock market development (turnover ratio) enter each of the five regressions significantlyat the significance level. Table 2 also in. Stock market development and financial intermediaries: stylized facts (English) Abstract.

World stock markets are booming. Between andstock market capitalization grew from $2 trillion to $10 trillion, an average 15 percent a year. A disproportionate amount of this growth was in emerging stock markets, which rose from 3 percent Cited by: Stock markets in developing countries: key issues and a research agenda.

stock market;reserve bank of india;marginal cost of funds;cost of equity capital;investment need;efficiency of resource use;degree of government intervention;new york Cited by: Demirgüç-Kunt, A. and Levine, R. (a) ‘Stock Market Development and Financial Intermediaries: Stylized Facts’, The World Bank Economic Review, 10 (2): – CrossRef Google Scholar Demirgüç-Kunt, A.

and Levine, R. (b) ‘Stock Markets, Corporate Finance and Economic Growth: An Overview’, The World Bank Economic Review, 10 Cited by:   Then came the coronavirus outbreak, which further dealt a blow to economic activity and forced foreign investors, which rank among large owners of private sector bank stocks in India, to trim Author: Tanvir Gill.

Stock Market Development and Long-Run Growth. Abstract: Is the financial system important for economic growth. One line of research argues that it is not; another line stresses the importance of the financial system in mobilizing savings, allocating capital, exerting corporate control, and easing risk by: Efficient capital markets are essential for economic growth and prosperity.

An integral part of capital market is the stock market, the development of which is linked with the country's level of savings, investment and the rate of economic. Economic literature over the years has established that a refined stock market is a important difficulty for long-run monetary the importance of stock market for creating nations, this analysis empirically examines the connection between stock market enchancment and monetary progress using the time-assortment for India over the.

The result shows that the capital market (stock market) development which has been measured by stock market capitalization and economic development measured by Gross Domestic Product (GDP) has positive significant correlation with each other.

The further analysis of the data has been made with regression by: 2. development, stock market development, and economic growth in a unified framework. On the other hand, Rousseau and Wachtel () and Beck and Levine () show that stock market development is strongly correlated with growth rates of real GDP per capita.

More importantly, they found that stock market liquidity and banking. This paper examines the empirical relationship between stock market development and economic growth in Nepal over the period of 22 years from to The long-run and short-run elasticities were estimated by the use of autoregressive distributed lag (ARDL) bounds testing approach for co-integration analysis.

The economic growth has been measured by real GDP per capita, and stock market Author: Jagadish Prasad Bist. of stock market liquidity, a measure of stock return volatility, and two measures of stock market integration in world capital markets and incorporate these measures into our study of stock markets, banks, and economic growth.

Furthermore, we control for economic and political factors that may influence growth to gauge the sensitivity of the. Osama () investigates the stock market development and economic growth in Egypt from Q1 to Q4 using vector autoregressive (VAR) model.

The. between stock market development and economic growth in a period; however, they find a relationship between stock market development and economic growth in another period e.g. Rioja & Valev investigate the effects of stock markets on economic growth in low and high income countries by using dynamic panel Generalized-method-of-moments (GMM).

India is home to an economy, which is big, active and growing. The Indian market is made up of various important sectors and industries including pharmaceutical industry, IT/Software, Foreign Investment, Telecommunication, Stock Market, Manufacturing and Construction, Hospitality Industry, Bond Market, Loan Market, Pharmaceutical Sector, Real Estate, Aviation and Automobile Industry.5/5(5).

The best books on The Indian Economy: 1. THE STIGLITZ REPORT The fact that our global economy is broken may be widely accepted, but what precisely needs to be fixed has become the subject of enormous controversy.

Inthe president of the Unit. Measures of both banking development and stock market liquidity enter the growth regression significantly. Thus, to understand the relationship between financial systems and economic growth, we need theories in which stock markets and banks arise simultaneously to provide different bundles of financial services.

economic growth and stock market development. The result furthered suggested that, the pursuit of policies geared towards rapid development of the stock market. Ted et al () examine the empirical linkage between stock market development and economic growth in India.

The capital market plays an essential role in the growth of commerce and industry which ultimately affects the economy of the country to a large extent. This is the rationale that the industrial bodies, government advisors and even the central bank of the country keep a close eye on the activities of the stock market.

India Business News: Rating agency Moody's Investor's Service has said that India's macro-economic indicators have improved over the last few years which will help the cou. ADVERTISEMENTS: Role of Stock Markets in the Economic Growth of India are as follows: The role of stock markets as a source of economic growth has been widely debated.

It is well recognised that stock markets influence economic activity through the creation of liquidity. Liquid financial market was an important enabling factor behind most of [ ].

(Wikipedia ). The puzzle is whether the stock market development has had any impact on economic growth in Uganda. There is increasing volume of literature (both theoretic and empirical) on the contributions of Stock markets on Economic Growth. The relationship between stock markets and economic growth are perceived and explained in different.

The Role of Stock Exchanges in Fostering Economic Growth and Sustainable Development 2 Preface Economic growth and development is an aspira-tion: it is a mechanism to alleviate poverty, to give opportunity to those who do not yet have it, to foster equality, and to create a better society.

Well-functioning exchanges enable economic growth and File Size: KB. Financial Development and Economic Growth: The Role of Stock Markets Utilizing time series methods and data from five developed economies, we examine the relationship between stock market de-velopment and economic growth, controlling for the effects of the banking system and stock market volatility.

Our results support the. Evolution of stock market development and economic growth in Africa The level of stock market development varies greatly in Africa as shown in Fig.

Based on the data on the market capitalisation to GDP forit is found that during this time, the market capitalisation to GDP was highest in South Africa at by: term growth.

Stock markets versus banks Is there an independent link between stock market development and growth, or is stock market liquidity correlated with banking de vel-opment—and is the latter the financial factor that really spurs economic growth?Although countries with well-developed banks—as measured by total bank loans to private File Size: KB.

Stock Markets, Banks and the Sources of. Economic Growth. Introduction. An extensive literature has established that financial development has a strong positive effect on economic growth.

Financial markets overcome transaction costs and informational asymmetries to reduce liquidity constraints and improve the allocation of capital.

The. India ranks second worldwide in farm output. Agriculture and allied sectors like forestry, logging and fishing accounted for % of the GDP inemployed 60% of the total workforce and despite a steady decline of its share in the GDP, is still the largest economic sector and plays a significant role in the overall socio-economic development of India.

This study contributes to understanding the role of financial development on economic growth theoretically and empirically.

In the theoretical part of the paper, by developing a Solow–Swan growth model augmented with financial markets in the tradition of Wu, Hou, and Cheng (), we show that debt from credit markets and equity from stock markets are two long run determinants of GDP per Cited by: Publication Stock No.

WPS Printed in the Philippines About the Paper of the Asian Development Bank. The ADB Economics Working Paper Series is a forum for stimulating discussion and from financial sector development to economic growth and poverty by:   Graph and download economic data for Stock Market Capitalization to GDP for India (DDDM01INANWDB) from to about market cap, India, stock market, capital, and GDP.

The stock market is a common feature of a modern economy and it is reputed to perform some functions that promote the growth and development of the economy. Given the above, this study is therefore carried out primarily to empirically ascertain the impact of the Nigerian Stock Market on economic growth.

Stock exchanges play a vital role in the functioning of the economy by providing the backbone to a modern nation's economic infrastructure. Stock exchanges help companies raise money to expand.

They also provide individuals the ability to invest in companies. Stock exchanges provide order and impose regulations for the trading of stocks. Ch. Finance and Growth: Theory and Evidence 1. Introduction Economists disagree sharply about the role of the financial sector in economic growth. Finance is not even discussed in a collection of essays by the “pioneers of development economics”[Meier and Seers ()], including three Nobel Prize winners, and Nobel.mobilization and increase the productivity of capital investment.

The stock market development indicators are dealt in the third part. In the fourth part, an empirical attempt has been made to examine the link between stock market development and economic growth of Size: KB.Note: If you're looking for a free download links of Stock Market Development and Economic Growth: Interrelationship in India Pdf, epub, docx and torrent then this site is not for you.

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