What Drives Stock Market Development in the Middle East and Central Asia—Institutions, Remittances, or Natural Resources?

What Drives Stock Market Development in the Middle East and Central Asia—Institutions, Remittances, or Natural Resources?
In this paper, we assess the macroeconomic determinants of stock market capitalization in a panel of 17 countries in the Middle East and Central Asia, including both hydrocarbon-rich countries and economies without sizeable natural resource wealth. In addition to traditional variables, we include an institutional variable and remittances among... READ MORE...

Publication date: July 2007
ISBN 9781451867213
$18.00

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