首页    期刊浏览 2024年11月08日 星期五
登录注册

文章基本信息

  • 标题:The Nexus between Market Tightness and Economic Growth – A Case of Kenya
  • 本地全文:下载
  • 作者:Richard Wamalwa Wanzala ; Willy Muturi ; Tobias Olweny
  • 期刊名称:Journal of Finance and Economics
  • 印刷版ISSN:2328-7284
  • 电子版ISSN:2328-7276
  • 出版年度:2017
  • 卷号:5
  • 期号:6
  • 页码:259-268
  • DOI:10.12691/jfe-5-6-2
  • 出版社:Science and Education Publishing
  • 摘要:This study investigates the nexus between the market tightness and economic growth in Kenya using data from 2006 – 2015 from Nairobi Security Exchange and Kenya National Bureau of Statistics. A parsimonious moderating regression analysis (MRA) has been presented to examine whether real interest rate and risk premium individually moderates the relationship between stock market tightness (proxied by various versions of spread) and the economic growth (proxied by Real Gross Domestic Product (GDP)) in Kenya. The study shows that both real interest rates and risk premium moderates the relationship between stock market tightness and the economic growth in Kenya.
  • 关键词:market tightness; moderating regression analysis; real interest rate; risk premium; economic growth
国家哲学社会科学文献中心版权所有