出版社：The International Institute for Science, Technology and Education (IISTE)
摘要：The present study aims to test the causal relationship between the economic growth and the market growth in three different countries with different market characteristics: the USA, Malaysia and Jordan for the period from 1994 to 2010. The results showed that the growth of market returns in Jordan does not affect the economic growth and vice versa. However, the growth of market returns in Malaysia has an influence on the economic growth, but not vice versa. The USA results, in contrast, showed that the growth of market returns affects the economic growth and vice versa. The results support the researcher assumption that the causal relationship between the economic growth and the market growth affected by the circumstances of each country.
