DETERMINANTS OF STOCK come REVISITED: proof FROM African country

Abstract

This study examines the economic science determinants of stock returns in African country over the amount 1985-2016 victimization the ARDL approach to cointegration and error correction model. Our findings have shown that GDP isn't vital each within the short and long-term, while, rate and cash in hand exert position positive and vital influence on stock exchange returns whereas inflation negatively affects stock exchange returns in African country. Our findings have shown that GDP vital each within the short and long-term, while, rate and cash in hand completely influence stock exchange returns whereas inflation negatively affects stock exchange returns in African country. it had been additionally found that these economic science variables considerably have an effect on stock exchange returns in African country. The ends up in general highlight the requirement government and financial authorities to produce policies that may guarantee sustained economic process and development. CBN ought to continue its policy target on economic activities and investment.

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