The DOI matches its Crossref record; 20 of the 20 references it cites were found in a registry or an index.
How Stock Market Liquidity Impact Economic Growth in South Africa
Abstract
A stock market is a financial establishment, which promotes competence in capital formation and allocation. It also enables the government and industries to finance new projects as well as growing and modernizing commercial or industrial concerns through raising long-term capital.The paper will examine the impact of stock market on economic growth in South Africa. Researchers employed the ordinary least squares regression (OLS) using the time series data from 1995-2010, together with Augumented Dickey Fuller (ADF) for testing stationary. The paper concludes that stock market liquidity impact growth in South Africa.
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“but comparative analysis of these two leading emerging economies in Africa is completely lacking in literature.”
From Stock market development and economic growth: A comparative evidence from two emerging economies in Africa – Nigeria and South Africa (2017) · cites this paper as [12]
Citations
Cites
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Market Liquidity and Funding Liquidity
Brunnermeier, M. K., & Pedersen, L. H. (2009) · Review of Financial Studies · doi:10.1093/rfs/hhn098 · Cited by 4,835
Aghion, P., & Durlauf, S. N. (2005) · RePEc: Research Papers in Economics · Cited by 4,447
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Levine, R. E. (2004) · National Bureau of Economic Research · doi:10.3386/w10766 · Cited by 3,782
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Levine, R. (2005) · Handbook of Economic Growth · doi:10.1016/s1574-0684(05)01012-9 · Cited by 2,889 · cited 1×
“One industry may initially be encouraged financially on a supply leading basis and as it develops, have its financing shift to demand-following, while another may remain in the supply-leading phase (Levine 2005).”
BackgroundBank regulation and supervision: what works best?
Barth, J. R., Caprio, G., & Levine, R. (2004) · Journal of Financial Intermediation · doi:10.1016/j.jfi.2003.06.002 · Cited by 2,296
Growth Forecast Errors and Fiscal Multipliers
Blanchard, O. J., & Leigh, D. (2013) · American Economic Review · doi:10.1257/aer.103.3.117 · Cited by 1,414
Can Investors Profit from the Prophets? Security Analyst Recommendations and Stock Returns
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Stock Market Development and Long-Run Growth
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Research works printed but not linked: 3
- Agénor PR, Montiel PJ 2008.Development Macro-economics. USA: Princeton University Press.
- Dalsenius M 2007.The Effects of Stock Market Liquidity in Economic Growth: Empirics and Theory. Master’s Thesis, Unpublished. Uppasala: Uppasala University.
- Osinubi TS 2007. Does the Stock Market Promote Economic Growth in Nigeria?Selected for presentation at the International Conference on Business and Finance. Hyderabad, India, December 15-16.
Cited by
Estimation of market immediacy by Coefficient of Elasticity of Trading three approach
Wanzala, R. W. (2018) · The Journal of Finance and Data Science · doi:10.1016/j.jfds.2018.02.006 · Cited by 12
Osakwe, C., & Ananwude, A. (2017) · Archives of Current Research International · doi:10.9734/acri/2017/38116 · Cited by 3
Nduka, E. K., Anigbogu, U. E., & Nyiputen, I. R. (2016) · Asian Economic and Financial Review · doi:10.18488/journal.aefr/2016.6.4/102.4.218.227 · Cited by 1
Metadata
- Authors
- Chipaumire, G., & Ngirande, H.
- Affiliations
- University of Fort Hare (ZA)
- University of Limpopo (ZA)
- Venue
- Journal of Economics
- Publisher
- Kamla Raj Enterprises
- Published
- 2014-08
- Volume
- 5
- Issue
- 2
- Pages
- 185-192
- ISSN
- 0976-5239 (ISSN-L)
- OpenAlex
- W2185859795
- Cited by
- 16
- References
- 20
- Citations by year
- 2025: 1 · 2024: 1 · 2023: 1 · 2022: 2 · 2020: 2 · 2019: 2 · 2018: 4 · 2017: 2 · 2016: 1
- FWCI
- 2.81
- Type
- journal article
- Language
- en
- Open access
- closed
- Locations
- Journal of Economics (publishedVersion)
- Topics
- Social Sciences › Economics, Econometrics and Finance › General Economics, Econometrics and Finance › Monetary Policy and Economic Impact
- Social Sciences › Economics, Econometrics and Finance › Finance › Financial Markets and Investment Strategies
- Social Sciences › Economics, Econometrics and Finance › Finance › Finance, Markets, and Regulation
- Keywords
- stock liquidity, economic growth, capital formation, capital allocation, South Africa
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- CoChat. (2026). Citation check: How Stock Market Liquidity Impact Economic Growth in South Africa. https://app.cochat.ai/papers/10.1080/09765239.2014.11884995
- The paper
- Chipaumire, G., & Ngirande, H. (2014). How Stock Market Liquidity Impact Economic Growth in South Africa. Journal of Economics. https://doi.org/10.1080/09765239.2014.11884995
Data sources
Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
