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STOCK MARKET DEVELOPMENT AND ECONOMIC GROWTH IN NIGERIA

Authors: NWAOBIA Apollos

Publication Type: Journal article

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Abstract

The causality of the stock market development in terms of the depth, breadth and sophistications upon a nationâ€™s economic development has been well attested to in several empirical studies. A dynamic capital market base is required to support higher levels of economic growth and investments. This study is an empirical assessment of the determinants of the Nigerian stock market development in terms of number and value of listed securities, value of traded securities: equities, fixed income securities, hedging instruments, and collective investments schemes. This study aims to ascertain the developmental effect of the stock market on the economy of Nigeria in relation to the per capita income of the citizens and poverty reduction. The design instruments applied in the study are statistical stock market performance indicators, national economic indicators through largely the Studentâ€™s t-tests and the use of the Ordinary Least Square technique.

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NWAOBIA,A. . (0000). STOCK MARKET DEVELOPMENT AND ECONOMIC GROWTH IN NIGERIA , 0 (), 0-0.

NWAOBIA,A. . "STOCK MARKET DEVELOPMENT AND ECONOMIC GROWTH IN NIGERIA " 0, no (), (0000): 0-0.

NWAOBIA,A. and . (0000). STOCK MARKET DEVELOPMENT AND ECONOMIC GROWTH IN NIGERIA , 0 (), pp0-0.

NWAOBIAA, . STOCK MARKET DEVELOPMENT AND ECONOMIC GROWTH IN NIGERIA . 0000, 0 ():0-0.

NWAOBIA,Apollos , . "STOCK MARKET DEVELOPMENT AND ECONOMIC GROWTH IN NIGERIA ", 0 . (0000) : 0-0.

N.Apollos , "STOCK MARKET DEVELOPMENT AND ECONOMIC GROWTH IN NIGERIA " vol.0, no., pp. 0-0, 0000.

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