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首页> 外文期刊>International Journal of Business and Management >Financial Stock Market and Economic Growth in Developing Countries: The Case of Douala Stock Exchange in Cameroon
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Financial Stock Market and Economic Growth in Developing Countries: The Case of Douala Stock Exchange in Cameroon

机译：发展中国家的金融股票市场与经济增长：以喀麦隆杜阿拉证券交易所为例

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In this article Sims’ causality test based on Granger definition of causality was used to examine causality relationships between stock markets and economic growth in Cameroon based on the time series data from 2006 to 2010. Our findings suggest that the Douala Stock Exchange still doesn’t affect Cameroonian economic growth. Research has been made in this topic and found positive relationship between financial stock market development and economic growth, but in Cameroon the purpose of the government to develop economy, by creating the Douala Stock Exchange is still not reached. After running variance decomposition test of Cholesky, we found systematic evidence that the market capitalization affects positively the GDP. Our paper comes up with the opportunity given to the Cameroonian government to understand that it is time to find financial policies, to encourage companies and develop financial stock market culture, and enhance to push companies to initiate IPO instead of bank loans when money is needed to increase their investment.
机译：在本文中，基于2006年至2010年的时间序列数据，使用了基于格兰杰因果关系定义的Sims因果关系检验来检验喀麦隆股市与经济增长之间的因果关系。我们的发现表明，杜阿拉证券交易所仍然没有影响喀麦隆的经济增长。在该主题上进行了研究，发现金融股票市场发展与经济增长之间存在正相关关系，但在喀麦隆，通过建立杜阿拉证券交易所实现政府发展经济的目的仍未实现。通过对Cholesky进行方差分解检验，我们发现了系统的证据，表明市值对GDP产生了积极影响。我们的论文为喀麦隆政府提供了一个机会，使他们了解是时候找到金融政策，鼓励公司和发展金融股票市场文化，并在需要资金时推动公司发起IPO而不是银行贷款的时候了。增加他们的投资。

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