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This study investigates the impact of introducing stock exchange markets on economic growth in 48 Sub-Saharan African countries from 1970 to 2018, using a Diff-in-Diff regression method. The findings indicate that GDP per capita increases by approximately $532 in countries that implemented stock exchanges, with significant effects peaking five years post-introduction before diminishing. The research contributes to the understanding of how equity capital markets influence economic growth in developing region

Author

matiwos mengistu

Language

EN