IMPACT OF CAPITAL MARKET ON ECONOMIC GROWTH OF NIGERIA

Onyia, Joy Chibundu (2018) IMPACT OF CAPITAL MARKET ON ECONOMIC GROWTH OF NIGERIA. Other thesis, Godfrey Okoye University Ugwuomu-Nike, Enugu.

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Abstract

This work is based on the impact of capital market o the economic growth of Nigeria 1981-2016. The main objective of this study is; to evaluate the impact of capital market on economic growth of Nigeria, to ascertain the impact of interest rate on economic growth of Nigeria. A model was constructed to incorporate real gross domestic product (RGDP) as the dependent variable, stock market capitalization and interest rate as the independent variables and tested using the ordinary least-square (OLS) techniques. The empirical result shows that stock market capitalization has significant impact on the economic growth in Nigeria whereas interest rate has no significant impact on the economic growth in Nigeria. More so, the result indicates that stock market capitalization has positive relationship on the economic growth in Nigeria whereas interest rate has negative relationship on the economic growth in Nigeria. Based on the finding from the study we recommend that there is need to introduce and implement policies that will increase the level and size of Market Capitalization in the Nigerian Capital Market by the government through the Central Bank as increase in Market Capitalization will surely increase fund availability for desired investment which in turn will increase productivity of the Nation.

Item Type:	Thesis (Other)
Subjects:	H Social Sciences > H Social Sciences (General) H Social Sciences > HB Economic Theory
Divisions:	Faculty of Management and Social Sciences
Depositing User:	Miss Joy Chibundu Onyia
Date Deposited:	08 Oct 2018 10:27
Last Modified:	08 Oct 2018 10:27
URI:	http://eprints.gouni.edu.ng/id/eprint/817

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