ALADELUSI, KEHINDE B and OMOJARO, ANTHONY O (2020) THE EFFECT OF FINANCIAL MARKET PERFORMANCE ON ECONOMIC GROWTH IN NIGERIA (1999 - 2019). In: Academic Staff Union of Polytechnics, Zone C 4th National Conference, 27th-29th October 2020, Virtual.
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Abstract
The study was carried out to investigate the effect of financial market performance on economic growth of Nigeria. The study adopted a quantitative and ex-post facto research design using secondary data collected from the Central Bank of Nigeria bulletin covering a period of 30 years (1999-2019). The collected data was analyzed using ordinary least square estimator and regression analysis as well as Unit root test. The analysis was achieved using E-view statistics package. From the findings, it was revealed that Treasury bill has a significant effect on Gross Domestic Product (p<0.000), Government bond was found to be insignificant (p>0.5952), Interest rate was also found to be statistically insignificant (p> 0.1089) while Market capitalization was found to be statistically significant (p<0.005). As a result of the findings, the study concluded that financial market performance has a significant effect on the economic growth of Nigeria for the year under review. Based on the findings, the study recommended among other things that policy makers should ensure an improvement in the market capitalization by encouraging foreign direct investment participation in the market.
| Item Type: | Conference or Workshop Item (Paper) |
|---|---|
| Subjects: | H Social Sciences > H Social Sciences (General) |
| Divisions: | Faculty of Law, Arts and Social Sciences > School of Management |
| Depositing User: | Unnamed user with email [email protected] |
| Date Deposited: | 03 Jun 2021 09:30 |
| Last Modified: | 03 Jun 2021 09:30 |
| URI: | http://eprints.federalpolyilaro.edu.ng/id/eprint/1474 |
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