Matches in SemOpenAlex for { <https://semopenalex.org/work/W2161342655> ?p ?o ?g. }
- W2161342655 abstract "This research empirically examines the relationship between stock market development and economic growth in the context of Nigeria. The question guiding this study is focused on whether the development of the stock market has had an impact on economic growth in Nigeria.The thesis examines the long run causal relationship between the stock market and economic growth. It uses one bank and three measures of stock market development: the loans to deposit ratio of banks, Market capitalisation ratio, value traded to market capitalisation ratio as well as value traded to GDP ratio. Essentially the study uses the endogenous growth theory as a basis of its theoretical foundation.The study exploits time series analysis techniques to test for the existence of a relationship and, where one is found to exist, the casual nature of that relationship. The study particularly applies Multivariate vector autoregressive models (VAR) and Vector Error Correction Models (VECM) in testing for the existence of a relationship.The evidence obtained from the study shows the existence of co-integration between the stock market development and economic growth in the short as well as the long run. This suggests that stock market development has impacted on economic growth in Nigeria.The Granger causality test findings indicate the presence of a bi-directional relationship between stock market development and economic growth. The findings of the study support the view that stock market development and economic growth in Nigeria are complementary and any improvements in the stock market would have a positive impact on economic growth in Nigeria.The findings also support the hypothesis of endogenous growth models that financial development causes higher economic growth. The contribution of this study lies in the fact that it provides additional evidence on the ongoing debate of the impact stock markets on the economic growth process within a specific country." @default.
- W2161342655 created "2016-06-24" @default.
- W2161342655 creator A5040436449 @default.
- W2161342655 date "2014-11-25" @default.
- W2161342655 modified "2023-09-26" @default.
- W2161342655 title "Stock Market Development and Economic Growth in Nigeria: A Time Series Study for the period 1980-2007" @default.
- W2161342655 cites W136494176 @default.
- W2161342655 cites W1479827809 @default.
- W2161342655 cites W1482178678 @default.
- W2161342655 cites W1486204844 @default.
- W2161342655 cites W1487931991 @default.
- W2161342655 cites W1491069747 @default.
- W2161342655 cites W1499105622 @default.
- W2161342655 cites W1505999675 @default.
- W2161342655 cites W1507887863 @default.
- W2161342655 cites W1509569105 @default.
- W2161342655 cites W1510426010 @default.
- W2161342655 cites W1511310259 @default.
- W2161342655 cites W1511470574 @default.
- W2161342655 cites W1514296636 @default.
- W2161342655 cites W1516079973 @default.
- W2161342655 cites W1519391053 @default.
- W2161342655 cites W1522139711 @default.
- W2161342655 cites W1525994446 @default.
- W2161342655 cites W1534293281 @default.
- W2161342655 cites W1534798215 @default.
- W2161342655 cites W1537054454 @default.
- W2161342655 cites W1537795118 @default.
- W2161342655 cites W1538958155 @default.
- W2161342655 cites W1539445916 @default.
- W2161342655 cites W1549482393 @default.
- W2161342655 cites W1550574481 @default.
- W2161342655 cites W1553404320 @default.
- W2161342655 cites W1560527446 @default.
- W2161342655 cites W1564966271 @default.
- W2161342655 cites W1566778630 @default.
- W2161342655 cites W1567674592 @default.
- W2161342655 cites W1571142392 @default.
- W2161342655 cites W1571576180 @default.
- W2161342655 cites W1574187751 @default.
- W2161342655 cites W1578935983 @default.
- W2161342655 cites W1580880341 @default.
- W2161342655 cites W1583013028 @default.
- W2161342655 cites W1585516222 @default.
- W2161342655 cites W1586139963 @default.
- W2161342655 cites W1587980782 @default.
- W2161342655 cites W1588180235 @default.
- W2161342655 cites W1593675506 @default.
- W2161342655 cites W1594948760 @default.
- W2161342655 cites W1596469162 @default.
- W2161342655 cites W1600309847 @default.
- W2161342655 cites W1601128533 @default.
- W2161342655 cites W1606312947 @default.
- W2161342655 cites W1606377008 @default.
- W2161342655 cites W1608170983 @default.
- W2161342655 cites W1608531082 @default.
- W2161342655 cites W1712187420 @default.
- W2161342655 cites W1714264005 @default.
- W2161342655 cites W1865039292 @default.
- W2161342655 cites W1868513754 @default.
- W2161342655 cites W1896992559 @default.
- W2161342655 cites W192401705 @default.
- W2161342655 cites W1946587594 @default.
- W2161342655 cites W1960127097 @default.
- W2161342655 cites W1963588640 @default.
- W2161342655 cites W1963883253 @default.
- W2161342655 cites W1964251033 @default.
- W2161342655 cites W1964769652 @default.
- W2161342655 cites W1966276403 @default.
- W2161342655 cites W1966910378 @default.
- W2161342655 cites W1967461850 @default.
- W2161342655 cites W1969519191 @default.
- W2161342655 cites W1969886729 @default.
- W2161342655 cites W1972672228 @default.
- W2161342655 cites W1973601949 @default.
- W2161342655 cites W1975994995 @default.
- W2161342655 cites W1978282661 @default.
- W2161342655 cites W1979572581 @default.
- W2161342655 cites W1979897566 @default.
- W2161342655 cites W1982898235 @default.
- W2161342655 cites W1985176252 @default.
- W2161342655 cites W1986521369 @default.
- W2161342655 cites W1987735754 @default.
- W2161342655 cites W1987738841 @default.
- W2161342655 cites W1987748490 @default.
- W2161342655 cites W1988659498 @default.
- W2161342655 cites W1993388454 @default.
- W2161342655 cites W1993622537 @default.
- W2161342655 cites W1994326793 @default.
- W2161342655 cites W1994846024 @default.
- W2161342655 cites W1997170008 @default.
- W2161342655 cites W1998110791 @default.
- W2161342655 cites W2000922099 @default.
- W2161342655 cites W2004687771 @default.
- W2161342655 cites W2005574658 @default.
- W2161342655 cites W2005709367 @default.
- W2161342655 cites W2005888056 @default.
- W2161342655 cites W2007624460 @default.
- W2161342655 cites W2009127915 @default.
- W2161342655 cites W2009542867 @default.