A study on relationship between stock market development and economic growth in Vietnam
Abstract
This study is conducted to investigate the relation between stock market development and economic growth in the case of Vietnam. The secondary data about stock market and growth of economy was collected from Q1/2009 to Q4/2012 . After that, regression test , unit root test cointegration are applied to determine the correlation. The results collected from three test show that there is a negative relation between market capitalization and growth rate .
Key words: stock market development , economic growth, market capitalization , growth rate.