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Cited by 15Monetary Policy and Economic ImpactFinance, Markets, and RegulationEconomic Growth and Development

The DOI matches its Crossref record; 48 of the 48 references it cites were found in a registry or an index.

Stock Market Development and Economic Growth in Nigeria : An Empirical Examination ( 1985 - 2014 )

Open access
Adigwe, P. K., Nwanna, Ifeanyi O., Ananwude, Amala·2015·Journal of Policy and Development Studies
DOI 10.12816/0018251
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Abstract

This study examined the effect of stock market development on Nigeria’s economic growth. The objective of the study was to determine if stock market development significantly impact on the country’s economic growth. Secondary data were employed for the study covering 1985 to 2014. Ordinary Least Square (OLS) econometric technique was used for the time series analysis in which variations in economic growth was regressed on market capitalisation ratio to GDP, value of stock traded ratio to GDP, trade openness and inflation rate. The analysis revealed that stock market has the potentials of growth inducing, but has not contributed meaningfully to Nigerian economic growth, since only 26.5% of variations in economic growth were explained by the stock market development variables. Based on this, the study suggests for an encouragement of more investors in the market, improvement in the settlement system and ensuring investors’ confidence in the market.

Overview

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Crossref · 10.12816/0018251

Cites

48 of 48 references verified0 citation errors · 0 not checkable

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Metadata

Authors
Adigwe, P. K., Nwanna, I. O., & Ananwude, A.
ORCID
Nwanna, Ifeanyi O.
Venue
Journal of Policy and Development Studies
Publisher
TechKnowledge General Trading LLC
Published
2015-11
Volume
9
Issue
5
Pages
134-154
ISSN
1597-9385 (ISSN-L)
DOI
10.12816/0018251
OpenAlex
W2333671050
Cited by
15
References
46
Citations by year
2024: 1 · 2023: 2 · 2022: 4 · 2020: 3 · 2019: 2 · 2018: 1 · 2017: 2
FWCI
2.97
Type
journal article
Language
en
Open access
Locations
  • Journal of Policy and Development Studies (publishedVersion)
  • SSRN Electronic Journal (submittedVersion)
Topics
  • Social Sciences › Economics, Econometrics and Finance › General Economics, Econometrics and Finance › Monetary Policy and Economic Impact
  • Social Sciences › Economics, Econometrics and Finance › Finance › Finance, Markets, and Regulation
  • Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Economic Growth and Development
Keywords
stock market development, economic growth, Nigeria, trade openness, inflation, investor confidence, settlement systems

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Data sources

Bibliographic data: Semantic Scholar, OpenAlex, Crossref.

Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).

Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.