FINANCIAL MARKETS AND ECONOMIC GROWTH IN NIGERIA: 1999 – 2016

FINANCIAL MARKETS AND ECONOMIC GROWTH IN NIGERIA: 1999 – 2016

Author by Dr. Peter Ogbebor

Journal/Publisher: Babcock Journal Of Management And Social Sciences.

Volume/Edition: 4

Language: English

Pages: 116 - 132

Abstract

Abstract

The study on financial market and economic growth in Nigeria is carried
out to determine whether financial market influences economic growth
positively. This is to investigate the effect of Total Stock Market
Capitalization and Total Commercial Bank Credit on Real Gross Domestic
Product. The study adopted non probabilistic sampling technique through
the use of purposive method to select related data from 1999 to 2016. The
findings reveal that Real Gross Domestic Product is positively related to
Total Stock Market Capitalization and Total Commercial Bank Credit, also
the result of the analysis shows that they are significant. In addition, the RSquared
of (0.7468) reveals that 74.68% of the Real Gross Domestic
Product is explained by stock market capitalization and commercial bank
credit. We hereby recommend that attention should be focused on the
entire financial market in order to spur economic growth and development.

Keywords


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