Establishing a stock exchange market in Ethiopia : lessons from selected African countries에티오피아 주식 시장의 성립 : 특정 아프리카 국가들로부터의 교훈

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The objective of this thesis is to investigate the current situation of Ethiopia in relation to establishing the new stock exchange market and to analyze the possible economic benefit of the exchange based on the selected African countries experience as a benchmark. To achieve the above objective the study undertakes SWOT and empirical analysis. The data analysis uses the panel data set collected from 16 African countries 8 of them with stock exchange market for the period from 1980 to 2014. Data are analyzed using panel data econometrics technique and the result shows that 1) Those countries opened the market achieved a faster growth relative to those without stock market. 2) Among countries with stock market those relatively developed tend to grow faster. 3) Gross investment is found to be important for growth in the sample countries. 4) Macroeconomic instability and government consumption adversely affect the economic growth of the sample countries and 5) The quality of the institution and trade openness are found to be important for economic growth. Further, the SWOT analysis result shows the availability of conducive environment for the market. In view of the above finding it is recommended that Ethiopia, in order to accelerate the current economic growth, needs to put in place policies to establish a stock exchange market.
Advisors
Kang, Jang Kooresearcher강장구researcher
Description
한국과학기술원 :금융MBA,
Publisher
한국과학기술원
Issue Date
2017
Identifier
325007
Language
eng
Description

학위논문(석사) - 한국과학기술원 : 금융MBA, 2017.8,[v, 54 p. :]

Keywords

stock market establishment▼aSWOT analysis▼apanel econometrics▼aeconomic growth▼aEthiopia▼aAfrica; 주식 시장 설립▼aSWOT 분석▼a패널 계량 경제학▼a경제 성장▼a에티오피아▼a아프리카

URI
http://hdl.handle.net/10203/242798
Link
http://library.kaist.ac.kr/search/detail/view.do?bibCtrlNo=719386&flag=dissertation
Appears in Collection
KGSF-Theses_Master(석사논문)
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