Matches in SemOpenAlex for { <https://semopenalex.org/work/W384704872> ?p ?o ?g. }
- W384704872 endingPage "162" @default.
- W384704872 startingPage "150" @default.
- W384704872 abstract "This paper employed the modified autoregressive distributed lag (ADRL) procedure to establish a univariate single level relationship existing between the Nigerian Stock Exchange (NSE) All-Share Index and three macroeconomic indicators such as Treasury bill rate, nominal exchange rate and inflation rate in Nigeria. A conditional restricted equilibrium correction model (ECM) was postulated with significant long-run relationship between NSE All-Share Index, exchange rate and inflation rate. The model relates exchange rate and inflation rate negatively with the All-Share Index in the long-run. Treasury bill rate have no long-run relationship with All-Share Index. The short-run dynamics indicated a negative causal relationship between All-Share Index and the three macroeconomic indicators. The results of this paper showed that All-Share index is slow to react to any disequilibrium caused by shocks on these macroeconomic indicators in the long-run. The 2008 global financial crisis had an insignificant negative effect on the NSE All-Share Index due to improved financial deepening. Monetary policy stability is crucial to price level control because inflation is a monetary phenomenon in Nigeria. Therefore, this paper propose that the efficient use of Treasury bills as apparatus of monetary policy (inflation-targeting) and major source of government financing is essential to the growth of the Nigerian stock market. In addition to efficient monetary policy through interest rate and most importantly exchange rate, a secure fiscal discipline through effective government spending will likely have a positive effect on the All-Share Index rapidly and directly." @default.
- W384704872 created "2016-06-24" @default.
- W384704872 creator A5025390404 @default.
- W384704872 creator A5033006690 @default.
- W384704872 creator A5077943027 @default.
- W384704872 date "2015-01-01" @default.
- W384704872 modified "2023-09-22" @default.
- W384704872 title "A Conditional Restricted Equilibrium Correction Model on Nigerian Stock Exchange All-Share Index and Macroeconomic Indicators with 2008 Global Financial Crisis Effects: A Univariate Framework Approach" @default.
- W384704872 cites W1484159650 @default.
- W384704872 cites W1531653575 @default.
- W384704872 cites W1534798215 @default.
- W384704872 cites W1576192722 @default.
- W384704872 cites W1596934628 @default.
- W384704872 cites W1776617756 @default.
- W384704872 cites W1956968481 @default.
- W384704872 cites W195997170 @default.
- W384704872 cites W1966910378 @default.
- W384704872 cites W1995067996 @default.
- W384704872 cites W2010498578 @default.
- W384704872 cites W2015800048 @default.
- W384704872 cites W2051119865 @default.
- W384704872 cites W2078213728 @default.
- W384704872 cites W2097580026 @default.
- W384704872 cites W2110603299 @default.
- W384704872 cites W2153562738 @default.
- W384704872 cites W2186806397 @default.
- W384704872 cites W2265183062 @default.
- W384704872 cites W2483975081 @default.
- W384704872 cites W261353873 @default.
- W384704872 cites W3140162600 @default.
- W384704872 hasPublicationYear "2015" @default.
- W384704872 type Work @default.
- W384704872 sameAs 384704872 @default.
- W384704872 citedByCount "1" @default.
- W384704872 countsByYear W3847048722016 @default.
- W384704872 crossrefType "journal-article" @default.
- W384704872 hasAuthorship W384704872A5025390404 @default.
- W384704872 hasAuthorship W384704872A5033006690 @default.
- W384704872 hasAuthorship W384704872A5077943027 @default.
- W384704872 hasConcept C121332964 @default.
- W384704872 hasConcept C126285488 @default.
- W384704872 hasConcept C136764020 @default.
- W384704872 hasConcept C139719470 @default.
- W384704872 hasConcept C149782125 @default.
- W384704872 hasConcept C159009313 @default.
- W384704872 hasConcept C162324750 @default.
- W384704872 hasConcept C166957645 @default.
- W384704872 hasConcept C175025494 @default.
- W384704872 hasConcept C200941418 @default.
- W384704872 hasConcept C2776988154 @default.
- W384704872 hasConcept C2777382242 @default.
- W384704872 hasConcept C2778300220 @default.
- W384704872 hasConcept C2780889827 @default.
- W384704872 hasConcept C33332235 @default.
- W384704872 hasConcept C41008148 @default.
- W384704872 hasConcept C556758197 @default.
- W384704872 hasConcept C95457728 @default.
- W384704872 hasConceptScore W384704872C121332964 @default.
- W384704872 hasConceptScore W384704872C126285488 @default.
- W384704872 hasConceptScore W384704872C136764020 @default.
- W384704872 hasConceptScore W384704872C139719470 @default.
- W384704872 hasConceptScore W384704872C149782125 @default.
- W384704872 hasConceptScore W384704872C159009313 @default.
- W384704872 hasConceptScore W384704872C162324750 @default.
- W384704872 hasConceptScore W384704872C166957645 @default.
- W384704872 hasConceptScore W384704872C175025494 @default.
- W384704872 hasConceptScore W384704872C200941418 @default.
- W384704872 hasConceptScore W384704872C2776988154 @default.
- W384704872 hasConceptScore W384704872C2777382242 @default.
- W384704872 hasConceptScore W384704872C2778300220 @default.
- W384704872 hasConceptScore W384704872C2780889827 @default.
- W384704872 hasConceptScore W384704872C33332235 @default.
- W384704872 hasConceptScore W384704872C41008148 @default.
- W384704872 hasConceptScore W384704872C556758197 @default.
- W384704872 hasConceptScore W384704872C95457728 @default.
- W384704872 hasIssue "3" @default.
- W384704872 hasLocation W3847048721 @default.
- W384704872 hasOpenAccess W384704872 @default.
- W384704872 hasPrimaryLocation W3847048721 @default.
- W384704872 hasRelatedWork W1503509227 @default.
- W384704872 hasRelatedWork W154304982 @default.
- W384704872 hasRelatedWork W1744822839 @default.
- W384704872 hasRelatedWork W2068334813 @default.
- W384704872 hasRelatedWork W2105671830 @default.
- W384704872 hasRelatedWork W2134212224 @default.
- W384704872 hasRelatedWork W2182586862 @default.
- W384704872 hasRelatedWork W2184828946 @default.
- W384704872 hasRelatedWork W2187488654 @default.
- W384704872 hasRelatedWork W2188372846 @default.
- W384704872 hasRelatedWork W2522623721 @default.
- W384704872 hasRelatedWork W2555639300 @default.
- W384704872 hasRelatedWork W2572104542 @default.
- W384704872 hasRelatedWork W2992219231 @default.
- W384704872 hasRelatedWork W3010865014 @default.
- W384704872 hasRelatedWork W3097705716 @default.
- W384704872 hasRelatedWork W3193434147 @default.
- W384704872 hasRelatedWork W3194582858 @default.
- W384704872 hasRelatedWork W3207866617 @default.