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VOL. 5, ISSUE 4 (2023)
Effect of capital market on economic growth: Evidence from Nigerian stock exchange
Authors
Aisha Usman, Hauwa Yakubu Shehu
Abstract
This study examined the effect of capital market on the Nigerian
economic growth, evidence from the Nigerian stock exchange within the period
2001-2022. Ordinary least square method (OLS) method of analysis was used in
analyzing the time series data obtained used in the study. The findings show
that market capitalization and total number of deals in the stock exchange have
positive but insignificant effect on GDP in Nigeria. While all shares index
that shows positive and significant effect on GDP. Therefore there is need for
enabling environment for the stock market operators and wider macroeconomic
environment in Nigeria. Government should subsidized impediments in order to
booster development in the stock market. Finally, companies listed on the Stock
Exchange should be mandated to provide timely electronic information on their
operations.
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Pages:31-37
How to cite this article:
Aisha Usman, Hauwa Yakubu Shehu "Effect of capital market on economic growth: Evidence from Nigerian stock exchange". International Journal of Commerce and Economics, Vol 5, Issue 4, 2023, Pages 31-37
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