{"id":"https://openalex.org/W2005337485","doi":"https://doi.org/10.1080/13504851.2013.844315","title":"Stock market development and economic growth in Ghana: an ARDL-bounds testing approach","display_name":"Stock market development and economic growth in Ghana: an ARDL-bounds testing approach","publication_year":2013,"publication_date":"2013-11-26","ids":{"openalex":"https://openalex.org/W2005337485","doi":"https://doi.org/10.1080/13504851.2013.844315","mag":"2005337485"},"language":"en","primary_location":{"id":"doi:10.1080/13504851.2013.844315","doi":"https://doi.org/10.1080/13504851.2013.844315","is_oa":false,"landing_page_url":"https://doi.org/10.1080/13504851.2013.844315","pdf_url":null,"source":{"id":"https://openalex.org/S96544531","display_name":"Applied Economics Letters","issn_l":"1350-4851","issn":["1350-4851","1466-4291"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-scientific","cwts-core","jufo-1","norway-1","poland-40","russia-white-list-2","vabb-shw"],"host_organization":"https://openalex.org/P4310320547","host_organization_name":"Taylor & Francis","host_organization_lineage":["https://openalex.org/P4310320547","https://openalex.org/P4310320449"],"host_organization_lineage_names":["Taylor & Francis","Informa"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Applied Economics Letters","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5073980561","display_name":"Erasmus Larbi Owusu","orcid":"https://orcid.org/0000-0003-2486-4682","observed_orcids":["https://orcid.org/0000-0003-2486-4682"]},"institutions":[{"id":"https://openalex.org/I165390105","display_name":"University of South Africa","ror":"https://ror.org/048cwvf49","country_code":"ZA","type":"education","lineage":["https://openalex.org/I165390105"]}],"countries":["ZA"],"is_corresponding":true,"raw_author_name":"Erasmus L. Owusu","raw_affiliation_strings":["Department of Economics, University of South Africa, 0003Pretoria, South Africa"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Economics, University of South Africa, 0003Pretoria, South Africa","institution_ids":["https://openalex.org/I165390105"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5075418391","display_name":"Nicholas Mbaya Odhiambo","orcid":"https://orcid.org/0000-0003-4988-0259","observed_orcids":["https://orcid.org/0000-0003-4988-0259"]},"institutions":[{"id":"https://openalex.org/I165390105","display_name":"University of South Africa","ror":"https://ror.org/048cwvf49","country_code":"ZA","type":"education","lineage":["https://openalex.org/I165390105"]}],"countries":["ZA"],"is_corresponding":false,"raw_author_name":"Nicholas M. Odhiambo","raw_affiliation_strings":["Department of Economics, University of South Africa, 0003Pretoria, South Africa"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Economics, University of South Africa, 0003Pretoria, South Africa","institution_ids":["https://openalex.org/I165390105"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":["https://openalex.org/A5073980561"],"corresponding_institution_ids":["https://openalex.org/I165390105"],"apc_list":null,"apc_paid":null,"fwci":2.7527,"has_fulltext":false,"cited_by_count":32,"citation_normalized_percentile":{"value":0.92283552,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":89,"max":99},"biblio":{"volume":"21","issue":"4","first_page":"229","last_page":"234"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.9883000254631042,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.9883000254631042,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T13867","display_name":"Economic Growth and Development","score":0.0026000000070780516,"subfield":{"id":"https://openalex.org/subfields/1710","display_name":"Information Systems"},"field":{"id":"https://openalex.org/fields/17","display_name":"Computer Science"},"domain":{"id":"https://openalex.org/domains/3","display_name":"Physical Sciences"}},{"id":"https://openalex.org/T14317","display_name":"Finance, Markets, and Regulation","score":0.002400000113993883,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/stock-market-development","display_name":"stock market development","score":1.0},{"id":"https://openalex.org/keywords/economic-growth","display_name":"economic growth","score":0.9900000095367432},{"id":"https://openalex.org/keywords/capital-account-liberalization","display_name":"capital account liberalization","score":0.7860000133514404},{"id":"https://openalex.org/keywords/credit-to-the-private-sector","display_name":"credit to private sector","score":0.9300000071525574},{"id":"https://openalex.org/keywords/real-sector-development","display_name":"real sector development","score":0.6669999957084656},{"id":"https://openalex.org/keywords/ghana","display_name":"Ghana","score":0.5389999747276306},{"id":"https://openalex.org/keywords/ardl-bounds-test","display_name":"ARDL bounds testing","score":0.7549999952316284}],"concepts":[{"id":"https://openalex.org/C3018567284","wikidata":"https://www.wikidata.org/wiki/Q1044","display_name":"Sierra leone","level":2,"score":0.7745683789253235},{"id":"https://openalex.org/C2780299701","wikidata":"https://www.wikidata.org/wiki/Q475000","display_name":"Stock market","level":3,"score":0.6976205706596375},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.6548548340797424},{"id":"https://openalex.org/C204036174","wikidata":"https://www.wikidata.org/wiki/Q909380","display_name":"Stock (firearms)","level":2,"score":0.551896870136261},{"id":"https://openalex.org/C58823610","wikidata":"https://www.wikidata.org/wiki/Q746418","display_name":"Liberalization","level":2,"score":0.5400789976119995},{"id":"https://openalex.org/C143910263","wikidata":"https://www.wikidata.org/wiki/Q750458","display_name":"Capital market","level":2,"score":0.4532712996006012},{"id":"https://openalex.org/C2777080597","wikidata":"https://www.wikidata.org/wiki/Q906118","display_name":"Disclaimer","level":2,"score":0.4408611059188843},{"id":"https://openalex.org/C2910841116","wikidata":"https://www.wikidata.org/wiki/Q1011","display_name":"Cape verde","level":2,"score":0.4328905940055847},{"id":"https://openalex.org/C145162277","wikidata":"https://www.wikidata.org/wiki/Q1751675","display_name":"Cointegration","level":2,"score":0.41815364360809326},{"id":"https://openalex.org/C32561294","wikidata":"https://www.wikidata.org/wiki/Q2476047","display_name":"Underdevelopment","level":2,"score":0.4120934009552002},{"id":"https://openalex.org/C47768531","wikidata":"https://www.wikidata.org/wiki/Q1127188","display_name":"Development economics","level":1,"score":0.40126821398735046},{"id":"https://openalex.org/C50522688","wikidata":"https://www.wikidata.org/wiki/Q189833","display_name":"Economic growth","level":1,"score":0.3076396882534027},{"id":"https://openalex.org/C205649164","wikidata":"https://www.wikidata.org/wiki/Q1071","display_name":"Geography","level":0,"score":0.15812355279922485},{"id":"https://openalex.org/C34447519","wikidata":"https://www.wikidata.org/wiki/Q179522","display_name":"Market economy","level":1,"score":0.15593108534812927},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.1393761932849884},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.11742883920669556},{"id":"https://openalex.org/C2779343474","wikidata":"https://www.wikidata.org/wiki/Q3109175","display_name":"Context (archaeology)","level":2,"score":0.08016467094421387},{"id":"https://openalex.org/C166957645","wikidata":"https://www.wikidata.org/wiki/Q23498","display_name":"Archaeology","level":1,"score":0.0},{"id":"https://openalex.org/C2549261","wikidata":"https://www.wikidata.org/wiki/Q43455","display_name":"Ethnology","level":1,"score":0.0},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.0},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.0},{"id":"https://openalex.org/C95457728","wikidata":"https://www.wikidata.org/wiki/Q309","display_name":"History","level":0,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"doi:10.1080/13504851.2013.844315","doi":"https://doi.org/10.1080/13504851.2013.844315","is_oa":false,"landing_page_url":"https://doi.org/10.1080/13504851.2013.844315","pdf_url":null,"source":{"id":"https://openalex.org/S96544531","display_name":"Applied Economics Letters","issn_l":"1350-4851","issn":["1350-4851","1466-4291"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-scientific","cwts-core","jufo-1","norway-1","poland-40","russia-white-list-2","vabb-shw"],"host_organization":"https://openalex.org/P4310320547","host_organization_name":"Taylor & Francis","host_organization_lineage":["https://openalex.org/P4310320547","https://openalex.org/P4310320449"],"host_organization_lineage_names":["Taylor & Francis","Informa"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Applied Economics Letters","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:taf:apeclt:v:21:y:2014:i:4:p:229-234","doi":null,"is_oa":false,"landing_page_url":"http://hdl.handle.net/10.1080/13504851.2013.844315","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"}],"best_oa_location":null,"sustainable_development_goals":[{"display_name":"Decent work and economic growth","id":"https://metadata.un.org/sdg/8","score":0.5263000130653381}],"sustainable_development_goals_aurora":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":16,"referenced_works":["https://openalex.org/W1591736143","https://openalex.org/W1600931831","https://openalex.org/W1966910378","https://openalex.org/W2019425608","https://openalex.org/W2026989698","https://openalex.org/W2051438039","https://openalex.org/W2071643831","https://openalex.org/W2093030468","https://openalex.org/W2127765754","https://openalex.org/W2333315013","https://openalex.org/W3121164101","https://openalex.org/W3121492351","https://openalex.org/W3123587485","https://openalex.org/W3124901688","https://openalex.org/W4235517394","https://openalex.org/W4289884898"],"related_works":["https://openalex.org/W2149092515","https://openalex.org/W4403597620","https://openalex.org/W2910630441","https://openalex.org/W4205560744","https://openalex.org/W3179231957","https://openalex.org/W3046948730","https://openalex.org/W7009184165","https://openalex.org/W2740582068","https://openalex.org/W3020736778","https://openalex.org/W2038664639"],"abstract_inverted_index":{"This":[0,59],"article":[1,35],"examines":[2],"the":[3,18,39,62,74,90,95,105],"relationship":[4],"between":[5],"stock":[6,26,42,77,100],"market":[7,27,43,78,101],"development":[8,28,79,102,108],"and":[9,24,45],"sustainable":[10],"economic":[11,55,81],"growth":[12,56],"in":[13,38,57,92,109],"Ghana.":[14,58,110],"The":[15,34,83],"study":[16],"employs":[17],"recently":[19],"developed":[20],"ARDL-bounds":[21],"testing":[22],"approach":[23],"multidimensional":[25],"proxies":[29],"to":[30,94],"examine":[31],"this":[32],"linkage.":[33],"finds":[36],"that":[37,87,103],"long":[40],"run,":[41],"developments":[44],"capital":[46],"account":[47],"liberalization":[48],"policies":[49],"have":[50,67],"no":[51],"positive":[52],"effect":[53],"on":[54,73,80],"finding":[60],"supports":[61],"numerous":[63],"past":[64],"studies,":[65],"which":[66],"reported":[68],"negative":[69],"or":[70],"inconclusive":[71],"results":[72],"effects":[75],"of":[76],"growth.":[82],"article,":[84],"therefore,":[85],"concludes":[86],"it":[88],"is":[89],"increase":[91],"credit":[93],"private":[96],"sector,":[97],"rather":[98],"than":[99],"drives":[104],"real":[106],"sector":[107]},"counts_by_year":[{"year":2024,"cited_by_count":5},{"year":2023,"cited_by_count":2},{"year":2022,"cited_by_count":6},{"year":2020,"cited_by_count":2},{"year":2019,"cited_by_count":2},{"year":2018,"cited_by_count":1},{"year":2017,"cited_by_count":11},{"year":2016,"cited_by_count":3}],"updated_date":"2026-10-30T12:39:25.321706","created_date":"2016-06-24T00:00:00"}
