المستخلص: |
In recent years developing countries attracted large amount of capital through stock market so, it stock market development took a great attention as its importance for the economy increase and its size go up and took a large percentage of over all the economy size for most of this countries.in this study the researcher tried to investigate the relationship between two main variables: stock market growth and economic growth applied on Egyptian economy using ARDL model for data from 1989 to 2016, using three main indicators for stock: stock market capitalization, turn over and traded value market and GDP indicator for economic growth. We found that there is a negative significant relation between stock market capitalization and economic growth, and a positive significant relation between stock market turnover, traded value and economic growth on Egypt in long run.
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