Stock market development indicators and economic growth in Nigeria (1990-2009): empirical investigations

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dc.contributor.authorAdenuga, Adeniyi, O.
dc.date.accessioned2018-07-09T13:47:21Z
dc.date.available2018-07-09T13:47:21Z
dc.date.issued2010-03
dc.description.abstractThis paper explores the hypotheses that stock market development promotes economic growth in Nigeria and attempts to confirm its validity or otherwise using quarterly data from 1990:1 to 2009:4 for Nigeria by employing vector error correction model (VECM) technique on the commonly used stock market development indicators, From the result, the model for the total value of shares traded ration (vr) has the best if followed by the market capitalization ration (mcr) model while the model for the turnover ratio (tr) lagged behind. The results mcr and vr are analysed in this paper, as they performed better than the model for it.en_US
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dc.description.provenanceMade available in DSpace on 2018-07-09T13:47:21Z (GMT). No. of bitstreams: 1 Stock Market Development Indicators and Economic Growth in Nigeria (1990 - 2009) empirical investigation.pdf: 11703813 bytes, checksum: ca818cf63bb59ea2b4fa78d41a4f9192 (MD5) Previous issue date: 2010-03en
dc.description.sponsorshipCentral Bank of Nigeriaen_US
dc.identifier.citationAdenuga, A. O. (2010). Stock market development indicators and economic growth in Nigeria (1990-2009): empirical investigations. Economic and Financial Review. 48(1), 33-70.en_US
dc.identifier.issn1957-2968
dc.identifier.urihttp://repo.cbn.gov.ng/jspui/handle/123456789/221
dc.language.isoenen_US
dc.publisherResearch Department, Central Bank of Nigeriaen_US
dc.relation.ispartofseriesVolume 48;No. 1
dc.subjectSlock Morket Development lndicotorsen_US
dc.subjectEconomic Growthen_US
dc.subjectVeclor Errorr Correction Model (VECM)en_US
dc.subjectNigeriaen_US
dc.titleStock market development indicators and economic growth in Nigeria (1990-2009): empirical investigationsen_US
dc.typeArticleen_US

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