Capital Market Development and Economic Growth in Nigeria
作者: Ayodeji AJIBOLA
刊名: Scholedge International Journal of Management & Development ISSN 2394-3378, 2018, Vol.4 (10), pp.99-110
来源数据库: Scholedge Publishing Inc.
原始语种摘要: The paper examined the effect of a well developed capital market on economic growth in Nigeria. We developed a model that is able to investigate how capital market development affects business cycle volatilities, and in the long run economic growth through the use of multi-variable regression analysis. Unit root test was conducted and all our estimating variables were stationary at first difference except the Christiano-Fitzgerald filter which shows that our model interpretation would not be spurious and a true representation of the relationships that exists between the explained and explanatory variables. Error Correction Model was introduced in our estimation in order to have a parsimonious model. Insignificant variables such as Net Export were removed from our model. This can be...
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  • economic 经济的
  • capital 首都
  • market 市场
  • variables 变量
  • economy 经济
  • volatility 挥发性
  • spurious 乱真
  • productive 生产的
  • securities 担保品
  • explanatory 说明