The objective of the study was to establish relationship between the stock market measures and economic growth in Tanzania. In order to achieve the objective, we need to examine the impact of stock market capitalization, total value of share traded and turnover on Tanzanian economy based on the time series data from 2000 - 2011. The unit root test and wnteestq (Portmanteau) tests were carried out. The findings suggest that Dar-es Salam Stock Exchange (DSE) has no effect on economic growth of Tanzania. We recommended that Tanzania government should establish financial policies, in order to encourage companies develop financial stock market culture, and enhance to push companies to initiate Initial Public Offering (IPO) instead of bank loans when money is needed to increase their investment.
| Published in | Journal of Finance and Accounting (Volume 4, Issue 6) |
| DOI | 10.11648/j.jfa.20160406.12 |
| Page(s) | 321-327 |
| Creative Commons |
This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited. |
| Copyright |
Copyright © The Author(s), 2016. Published by Science Publishing Group |
Market Capitalization Ratio, GDP Growth, Total Value of Shares Traded Ratio, Turnover Ratio
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APA Style
Ali Othman Abbas, Yu Xin Pei, Zhang Rui. (2016). Impact of Stock Market on Economic Growth Evidence: Dar-es Salaam Stock Exchange - Tanzania. Journal of Finance and Accounting, 4(6), 321-327. https://doi.org/10.11648/j.jfa.20160406.12
ACS Style
Ali Othman Abbas; Yu Xin Pei; Zhang Rui. Impact of Stock Market on Economic Growth Evidence: Dar-es Salaam Stock Exchange - Tanzania. J. Finance Account. 2016, 4(6), 321-327. doi: 10.11648/j.jfa.20160406.12
AMA Style
Ali Othman Abbas, Yu Xin Pei, Zhang Rui. Impact of Stock Market on Economic Growth Evidence: Dar-es Salaam Stock Exchange - Tanzania. J Finance Account. 2016;4(6):321-327. doi: 10.11648/j.jfa.20160406.12
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Download@article{10.11648/j.jfa.20160406.12,
author = {Ali Othman Abbas and Yu Xin Pei and Zhang Rui},
title = {Impact of Stock Market on Economic Growth Evidence: Dar-es Salaam Stock Exchange - Tanzania},
journal = {Journal of Finance and Accounting},
volume = {4},
number = {6},
pages = {321-327},
doi = {10.11648/j.jfa.20160406.12},
url = {https://doi.org/10.11648/j.jfa.20160406.12},
eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.jfa.20160406.12},
abstract = {The objective of the study was to establish relationship between the stock market measures and economic growth in Tanzania. In order to achieve the objective, we need to examine the impact of stock market capitalization, total value of share traded and turnover on Tanzanian economy based on the time series data from 2000 - 2011. The unit root test and wnteestq (Portmanteau) tests were carried out. The findings suggest that Dar-es Salam Stock Exchange (DSE) has no effect on economic growth of Tanzania. We recommended that Tanzania government should establish financial policies, in order to encourage companies develop financial stock market culture, and enhance to push companies to initiate Initial Public Offering (IPO) instead of bank loans when money is needed to increase their investment.},
year = {2016}
}
TY - JOUR T1 - Impact of Stock Market on Economic Growth Evidence: Dar-es Salaam Stock Exchange - Tanzania AU - Ali Othman Abbas AU - Yu Xin Pei AU - Zhang Rui Y1 - 2016/11/17 PY - 2016 N1 - https://doi.org/10.11648/j.jfa.20160406.12 DO - 10.11648/j.jfa.20160406.12 T2 - Journal of Finance and Accounting JF - Journal of Finance and Accounting JO - Journal of Finance and Accounting SP - 321 EP - 327 PB - Science Publishing Group SN - 2330-7323 UR - https://doi.org/10.11648/j.jfa.20160406.12 AB - The objective of the study was to establish relationship between the stock market measures and economic growth in Tanzania. In order to achieve the objective, we need to examine the impact of stock market capitalization, total value of share traded and turnover on Tanzanian economy based on the time series data from 2000 - 2011. The unit root test and wnteestq (Portmanteau) tests were carried out. The findings suggest that Dar-es Salam Stock Exchange (DSE) has no effect on economic growth of Tanzania. We recommended that Tanzania government should establish financial policies, in order to encourage companies develop financial stock market culture, and enhance to push companies to initiate Initial Public Offering (IPO) instead of bank loans when money is needed to increase their investment. VL - 4 IS - 6 ER -
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