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Unformatted text preview: Current Business Research Project Paper Edward Charfauros University of Phoenix Hawaii Campus RES/341 Michael Smith January 25, 2011 Definition and Purpose The purpose of this article researched surrounds a Sims' casualty test based on Granger definition of casualty; examining casualty relationships between stock markets and economic growth in Cameroon using data from 2006 to 2010. The researchers main focus was to study the Douala Stock Exchange's contribution in the Cameroonian economic growth. In 2001, Cameroon was characterized by the lack of financial institutions as a stock market that can allocate extra resources, help increase investments, and their business adaptation to the globalization obligation. Problems Under Investigation To solve the problem in 2001, the Cameroonian government decided to create the Cameroonian's first stock market in Cameroon; the Douala Stock Exchange (DSX). The problem investigated lies in the creation of the Douala Stock Exchange, which has yet to be...
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- Spring '10
- Economics, Stock exchange, Douala stock exchange, Cameroonian economic growth