Year: 2017
Type: article
Abstract: The stock market plays a strategic and an important role in the relaunch of economic growth. Itconstitute channels through which the flow of funds from the surplus units to the deficit units. Also, thestock market mobilizes and channels savings and financial resources to the most productive investmentsconsequently contributes to puch the economic growth.In this context, we’ll try, through this study to demostrate the role of stock market, and determine thecausal relationship that exists between them in Indonesia and Algeria during thr period (1999-2011), usingGranger causality test and Vector Auto regressive model.This study has concluded the existence of causal relationship in one direction from the stock marketaccording market capitalization ratio index to the economic growth in the case of Indonesia. In contrast, thecausal relationship is not verified in the case of Algeria.
Authors: دحماني نور الهدى, العابد برينيس شريفة
Language: English
Domain: Social Sciences
Open Access status: bronze
OpenAlex ID: W4380669232