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V. STOCK MARKETS AND ECONOMIC GROWTH: THE MACRO CHANNEL
The results from the previous section suggest that large corporations in Africa have made considerable use of the stock market to finance their growth.

II. STOCK MARKET AND ECONOMIC GROWTH: THEORETICAL AND ANALYTICAL ISSUES
In principle, the stock market is expected to accelerate economic growth by providing a boost to domestic savings and increasing the quantity and the quality of investment (Singh, 1997).

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