Umoren, A. O. and Adetula, D. T. and Nwobu, Obiamaka (2008) Stock Market Development in Nigeria: Implications on Economic Growth and Vision 2020. Lagos Journal of Banking. Finance & Economic Issues, 2 (2). pp. 203-211. ISSN 2006-3776
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Abstract
This study uses time series estimates in analyzing the Nigerian economy for 18 years (1986 -2003). It is observed that there is a posttive relationship between real gross domestic investment and the real GDP This relationship is not only positive but also statistically significant at 5 per cent level. A positive and significant relationship also exists between capital market activities (proxy by stock market capitalization) and the real gross domestic product. This implies there is a link between capital market and economic growth. The paper therefore suggests that great effort is required to improve upon the efficiency of the Nigerian capital market. This will culminate in speedy economic growth thereby achieving Nigeria's target of becoming one of the twenty leading economies in the world by the year 2020.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | Stock market, Economic growth, Vision 2020 |
| Subjects: | H Social Sciences > HF Commerce > HF5601 Accounting |
| Divisions: | Faculty of Law, Arts and Social Sciences > School of Management |
| Depositing User: | Mr Solomon Bayoko |
| Date Deposited: | 23 Oct 2014 11:21 |
| Last Modified: | 29 Feb 2016 15:33 |
| URI: | http://eprints.covenantuniversity.edu.ng/id/eprint/2869 |
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