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The Role of The Nigerian Stock Market in Achieving Vision 2020

Adegbaju, A. A. and Okodua, Henry (2008) The Role of The Nigerian Stock Market in Achieving Vision 2020. Lagos Journal of Banking, Finance & Economic Issues, 2 (1). pp. 194-206.

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The ultimate aim of vision 2020 is to improve the standard of living of the average Nigerian. This paper examined the role of the stock market in achieving the vision 2020. Applying co-integration and error correction modeling to stock market performance and per capita income time series data, this study has helped in highlighting the specific roles of major indicators of the capital market which are relevant in testing the capital market-economic growth nexus. The findings indicate the separate roles played by the primary capital market and the secondary capital market in the growth of the Nigerian economy. The evidence from this study revealed that while activities in the secondary capital market tend to grow the Nigerian economy through its wealth effect that of the primary market ironically did not.

Item Type: Article
Subjects: H Social Sciences > HG Finance
Divisions: Faculty of Law, Arts and Social Sciences > School of Social Sciences
Depositing User: Mrs Patricia Nwokealisi
Date Deposited: 25 Apr 2014 16:54
Last Modified: 25 Apr 2014 16:54

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