tailieunhanh - Diaspora remittances and stock market development at nairobi securities exchange, Kenya

The study covered the period 2008-2018 and quarterly time series data was analysed using correlation analysis and the Autoregressive Distributed Lag Model. The study findings document a significant positive effect of diaspora remittances on stock market development in the short run as evidenced by the negative and significant coefficient of the Error Correction Term (ECT). Equally, diaspora remittances had a significant positive effect on stock market development in the long run. | Diaspora remittances and stock market development at nairobi securities exchange, Kenya