Bank Competition, Stock Market and Economic Growth in Ghana

• DOI: 10.5430/ijba.v2n4p33
• Publication Date: 2011-11-23T22:10:56Z
• Authors: Stephen Asante; Daniel Agyapong; Anokye M. Adam
• Keywords: Ordinary least squares; Distributed lag; Stock (firearms)

The paper empirically investigates the relationship between bank competition, stock market and economic growth in Ghana using time series data for period 1992 2009. Short long run were established within frameworks of Granger causality Autoregressive Distributed Lag (ARDL)/ Dynamic Ordinary Least Square (OLS) approach respectively. It was found that competition development granger cause Ghana. Also, run, banking is good growth. However, there a disproportionate response to development. recommended policy promote should be vigorously pursued.