Ben-Caleb, Egbide (2011) The Capital Market Development and Economic Growth: The Nigeria Experience. IBS Journal of Business Management and Development, 1 (1). pp. 134-150.
Full text not available from this repository.Abstract
The activeness of the capital market is a major factor in determining the level of growth in any economy, in view of the long term investible funds it provides. Unfortunately, in Nigeria like many emerging economies, the money market dominate the financial sector forcing businesses to rely on short term funds for their investment with the attendance riskiness. This paper empirically examines the relationship. This paper empirically examines the relationship between the capital market and economic growth in Nigeria. A correlational research design was employed making use of twenty one year’s data (1986-2006). It was then analysed using Ordinary Least Square regression. From the result, it was found that a strong and positive relationship exist between the capital markets development and Nigeria economic growth. The paper recommended among others that market friendly macro-economic policies as well as effective and enforceable regulatory framework should be put in place. These will not only ensure orderly and equitable dealings in securities but will also discourage insider abuses thus, activating the capital market for sustainable economic growth and development in Nigeria.
| Item Type: | Article |
|---|---|
| Subjects: | H Social Sciences > HG Finance |
| Divisions: | UNSPECIFIED |
| Depositing User: | Dr Egbide Ben-Caleb |
| Date Deposited: | 29 Feb 2016 10:11 |
| Last Modified: | 29 Feb 2016 10:11 |
| URI: | http://eprints.covenantuniversity.edu.ng/id/eprint/6257 |
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