Stock Market's Contribution on Economic Growth in Nepal: A Brief Note

Authors

  • Ram Khelawan Shah Professor of Economics in Central Department of Economics, Tribhuvan University, Kirtipur

DOI:

https://doi.org/10.3126/jodas.v25i1-2.23445

Keywords:

Market capitalization, turnover, real per capita GDP, stock market development, economic growth

Abstract

This paper aims to examine the relation between stock market development and economic growth in Nepal for period of mid July 2001 to mid-July 2015 by using Karl Pearson correlation. The whole study period is divided into two parts, first stage and second stage of stock market development. The study finds that in the first stage- mid July 2001 to mid- July 2007, stock market development was not significantly associated with economic growth. In second stage-mid July 2008 to mid-July 2015 there is positive relation between stock market development and economic growth. The findings indicate that stock market has positive contribution on economic growth in Nepal.

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Published

2017-12-31

How to Cite

Shah, R. K. (2017). Stock Market’s Contribution on Economic Growth in Nepal: A Brief Note. Journal of Development and Administrative Studies, 25(1-2), 76–82. https://doi.org/10.3126/jodas.v25i1-2.23445

Issue

Vol. 25 No. 1-2 (2017)

Section

Articles

License

The copyright of the accepted articles is reserved by the Centre for Economic Development and Administration (CEDA), Tribhuvan University (TU).  No part of the article published in this journal should be reproduced except provided by the law currently in force without the written consent of the centre.