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.
Overview
Integrity signals
Registry
Cites
Statistics
Verification
Claims the paper makes
Claims other papers make about this one
Each is checked against this paper’s own text: does it say what the citing paper says it does?
In the citing paper
“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
Time Series Analysis: Forecasting and Control
Geurts, M., Box, G. E. P., & Jenkins, G. M. (1977) · Journal of Marketing Research · doi:10.2307/3150485 · Cited by 19,186
Time Series Analysis: Forecasting and Control.
Anderson, O. D., Box, G. E. P., & Jenkins, G. M. (1978) · Journal of the Royal Statistical Society Series D (The Statistician) · doi:10.2307/2988198 · Cited by 5,398
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
Finance and Growth: Theory and Evidence
Levine, R. E. (2004) · National Bureau of Economic Research · doi:10.3386/w10766 · Cited by 3,782
Chapter 12 Finance and Growth: Theory and Evidence
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
Barber, B., Lehavy, R., McNichols, M., & Trueman, B. (2001) · The Journal of Finance · doi:10.1111/0022-1082.00336 · Cited by 1,099
Stock Market Development and Long-Run Growth
Levine, R., & Zervos, S. (1996) · The World Bank Economic Review · doi:10.1093/wber/10.2.323 · Cited by 1,083
Box and Jenkins: Time Series Analysis, Forecasting and Control
Box, G. (2013) · A Very British Affair · doi:10.1057/9781137291264_6 · Cited by 303
The determinants of stock market development in the Middle‐Eastern and North African region
Naceur, S. B., Ghazouani, S., & Omran, M. (2007) · Managerial Finance · doi:10.1108/03074350710753753 · Cited by 204
Stock Market Development in Sub-Saharan Africa
Adjasi, C., & Yartey, C. A. (2007) · IMF Working Paper · doi:10.5089/9781451867732.001 · Cited by 118
Al-Malkawi, H.-A. N., Marashdeh, H. A., & Abdullah, N. (2012) · International Journal of Economics and Finance · doi:10.5539/ijef.v4n5p105 · Cited by 105
Money Supply - Economic Growth Nexus in Nigeria
Ogunmuyiwa, M. S., & Ekone, A. F. (2010) · Journal of Social Sciences · doi:10.1080/09718923.2010.11892802 · Cited by 100
Stock Market Development And Economic Growth: The Case Of Mauritius
Nowbutsing, B. M., & Odit, M. P. (2011) · International Business & Economics Research Journal (IBER) · doi:10.19030/iber.v8i2.3104 · Cited by 86
Finance–growth nexus revisited for some Asian countries
Mukhopadhyay, B., Pradhan, R. P., & Feridun, M. (2011) · Applied Economics Letters · doi:10.1080/13504851.2010.548771 · Cited by 51
Stock Market Liquidity and Economic Growth: Theory and Evidence
Levine, R. E. (2003) · Palgrave Macmillan UK eBooks · doi:10.1057/9781403920232_1 · Cited by 35
On Simulation of the Nash Equilibrium in the Stock Exchange Contest
Mockus, J. (2012) · Informatica · doi:10.15388/informatica.2012.350 · Cited by 10
Reza, T., Ahmadinia, H., & Hasbaei, A. (2011) · AFRICAN JOURNAL OF BUSINESS MANAGEMENT · doi:10.5897/ajbm11.204 · Cited by 8
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
About these checks
Registry, retraction, Cites and statistics results are computed, not judged, with one exception: a printed reference that no index lists is read once by a model before it counts as a citation error. Claims are extracted by a model and kept only when their quote appears verbatim in the text; each cited source is then checked, with a model’s help, for whether it says what the claim relies on. Those verdicts can be wrong — read the claim’s quote and the cited source before relying on one.
Statistics and arithmetic are recomputed, not judged.
Confidence bands are shown only for fields calibrated on our annotated test set. None is calibrated yet, so no band is shown.
What counts as a claim ›How we measure confidence ›How we check this ›
Are you an author, or do you see a problem with this page? Request a review
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.
