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Capital Market Operation and Nigeria’s Economic Growth.

Authors :
Itiveh, Rockson Aikins
Okolie, Ugo Chuks
Source :
Economic Insights - Trends & Challenges; 2022, Issue 4, p99-106, 8p
Publication Year :
2022

Abstract

This study empirically assessed the impact of capital market operations on Nigeria's economic growth from 1999 to 2021. The study was carried out to demonstrate the importance of effective capital market operation in the country's economic growth. The study used Ordinary Least Squares (OLS) methods to empirically examine the effect of market capitalization, total new issues, and transaction value on GDP. We tested and validated the hypothesis that capital market operations have a significant impact on Nigeria's economic growth. As a result, the study recommended that the government step up efforts to create a conducive business environment that would allow domestic and foreign investors to invest in the Nigerian capital market, thereby accelerating the country's economic growth. [ABSTRACT FROM AUTHOR]

Details

Language :
English
ISSN :
22848576
Issue :
4
Database :
Complementary Index
Journal :
Economic Insights - Trends & Challenges
Publication Type :
Academic Journal
Accession number :
163955752
Full Text :
https://doi.org/10.51865/EITC.2022.04.06