摘要：Stock markets and economic system of a country has a great bonding in terms of healthy financial system. The pace of dramatic economic changes has departed this world into two lines, the developed countries (DCs) and developing countries (DVCs). This researchessentially examined dynamic panel data analysisinincreasing economic progress among stock market of DCs and DVCs. The changes in the stock market are estimated using the market capitalization and stock value traded indicators. A robust inferential tool, Fully Modified Ordinary Least Squares (FMOLS) has been used, it is evident that stock value traded had a significant positive effect on the economic progress of on the economies of DCs and DVCs. While market capitalization had a significant negative effect on the developed economies only. Finally, this research suggests policymakers to design such policies that enhance the volume of stock value traded..
关键词：Stock Market;Economic Progress;Dynamic Panel Data Analysis
