Open AccessImpact of Capital Market on Economic Growth in Nigeria
Author(s) -
Madubuko Cyril Ubesie,
C E Nwanekpe,
C Ejilibe
Publication year - 2020
Publication title -
business and management research
Language(s) - English
Resource type - Journals
eISSN - 1927-601X
pISSN - 1927-6001
DOI - 10.5430/bmr.v9n2p49
Subject(s) - ordinary least squares , economics , government (linguistics) , capital (architecture) , capital market , variables , econometrics , finance , mathematics , statistics , linguistics , philosophy , archaeology , history
This study on “Impact of Capital Market on Economic Growth in Nigeria” is aimed to access the impact and determinant of capital market on the economic growth in Nigeria within the period of study. It further employed the ordinary least square method (OLS) in analyzing the time series variables obtained for the study. The result of the findings show that all the variables of interest were significant in explaining the behavior of capital market on the growth of Nigeria Economy except Labour force. more so, the result show that the the model employed for the analysis is adequate and best in fitting the variables obtained. Further more, necessary recommendations were made to enable the government come up with a favorable policies in which will make for improvement in the standard of living.