The Effect of Capital Market on Economic Growth in Nigeria (2000-2012)
Journal Title: International Journal of Financial Markets - Year 2014, Vol 1, Issue 2
Abstract
This study was aimed at determining the relationship among gross domestic product, market capitalization and all share indexes; and evaluating the effects of the capital market on economic growth in Nigeria. The period of study is 2000-2012.Secondary data were obtained from the Central Bank of Nigeria, Nigeria Stock Exchange and National Bureau of Statistics. The ordinary Least Squares Multiple Regression was used for the analysis. Unit root test was also carried out. The result indicated that there is a significant positive relationship among gross domestic product, market capitalization and all share indexes. The F-statistic showed that the capital market is promoting the growth of the Nigerian economy. It is therefore concluded that the capital market has contributed positively to the growth of the Nigerian economy during the period under review.
Authors and Affiliations
Emerah Ajevata Apollos, Oyedele Oloruntoba Stephen, Egbuwalo Moses Orimolade
Keywords
Related Articles
- EP ID EP28701
- DOI -
- Views 279
- Downloads 11
Effect of Stock Market Dynamics on Economic Growth: Evidence from Ghana Stock Exchange
The purpose of this study was to examine the effect of stock market dynamics on economic growth. It relied on a quantitative time series approach, using real GDP as a measure of economic growth and aggregate stock pric...
Case Study: Customer Satisfaction in Islamic Financial Services in Malaysian Banks
This study provides insights into the customer satisfaction and loyalty towards Islamic financial services of the Malaysian customers. Its objective is to examine the relationship between consumers’ attitude towards Is...
The Effect of Capital Market on Economic Growth in Nigeria (2000-2012)
This study was aimed at determining the relationship among gross domestic product, market capitalization and all share indexes; and evaluating the effects of the capital market on economic growth in Nigeria. The period...
Credit Risk Management and Its Impact on Financial Performance of Listed Banks in Ghana
The study empirically examines the impact of credit risk on performance of banks in Ghana. In the study parameters covered were; default rate, cost per loan assets and capital adequacy ratio. We used 9 banks listed on...
Causal Relationship among Stock Markets and Economic Growth in Latin America
The aim of this research is to analyze the causal relationship among stock market and economic growth in Latin America, in the case of Mexico, Brazil and Chile. The Granger causality test was utilized in order to analy...