The Lahore Journal
of Business

The Lahore Journal
of Business

Lahore Journal of Business

(HEC recognized journal in “Y” category)

The Lahore Journal of Business is aimed at providing a specialized forum for dissemination of qualitative and quantitative research in various areas of business administration. The LJB invites researchers, policy makers and analysts to submit original theoretical and empirical papers that explore and contribute to the understanding of various areas in the business domain. The Journal aims at bringing together state-of-art research findings, particularly from emerging markets, in various business disciplines including (but not limited to) accounting, banking, management, marketing, finance, investments, human resource management and organizational behavior.

Félix Zogning Nguimeya and Gaétan Breton

The purpose of this study is to determine if African stock markets have contributed to a better allocation of savings and economic growth in the countries in question. Our results reveal a strong and significant relationship between aggregate economic growth and stock market development indicators. Causality tests indicate that the real sphere involves the financial sphere for relatively new markets.