Open Access. Powered by Scholars. Published by Universities.®
Social and Behavioral Sciences Commons™
Open Access. Powered by Scholars. Published by Universities.®
Articles 1 - 2 of 2
Full-Text Articles in Social and Behavioral Sciences
Stock Market Development And Economic Growth: Empirical Evidence From Nigeria, Obinna Franklin Ezeibekwe
Stock Market Development And Economic Growth: Empirical Evidence From Nigeria, Obinna Franklin Ezeibekwe
2019 Awards for Excellence in Student Research and Creative Activity – Documents
Considerable debate exists on how stock exchanges affect economic growth. One line of research argues that stock market development is a positive and significant contributor to growth. On the other hand, other studies show that stock markets negatively affect growth or that they are not relevant contributors to economic growth. This paper seeks to identify the correlation between stock market development and long-run economic growth in Nigeria using the vector error correction modeling. Empirical results suggest that stock market development, as proxied by market capitalization to GDP ratio, does not contribute significantly to long-run economic growth in Nigeria. The implication …
The Impact Of Dutch Disease: The Case Of Nigeria, Halimat Atinuke Laguda
The Impact Of Dutch Disease: The Case Of Nigeria, Halimat Atinuke Laguda
Masters Theses
Nigeria, over the years, has been showing a rapid appreciation of the domestic currency, a rise in real wages and the service sector and a slow-down in the industrial production which are all signs of presence of Dutch disease which predicts that a country with large natural resource rents may experience a de-industrialization and a lower long term economic growth. This paper analyses the impact of Dutch disease in Nigeria Ordinary Least square method, Two-Stage Least Square and Autoregressive Distributed Lag with a system of equation from 1981 to 2017 and found that the real wage rate emphasizes on the …