Macroeconomic variables and stock exchange market development in Nigeria

CHUKWU | 39 pages (22289 words) | Theses
Economics | Co Authors: EGWU STEPHEN

ABSTRACT

The study is an attempt to investigate the impact of selected macroeconomic variables on stock prices in the Nigeria capital market .To capture the objectives of the study, the study adopted an autoregressive distributed lag model as well as a causality test. The dependent variable was all share price index (ASI) and the independent variables were industrial output, exchange rate, consumer price index, market capitalization ratio, turnover ratio and value of deals traded. Quarterly time series data ranging from 1985q1 to 2018q4 were employed for the analysis. The study established the existence of a statistically significant relationship between stock prices, consumer price index and industrial output in Nigeria. Furthermore, evidence of bidirectional causality was found between Stock prices and industrial output. Among other things, the study recommends the adoption of policies both structural and institutional that will enhance macroeconomic stability and ensure output growth. 

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APA

CHUKWU, C (2023). Macroeconomic variables and stock exchange market development in Nigeria . Repository.mouau.edu.ng: Retrieved Apr 15, 2024, from https://repository.mouau.edu.ng/work/view/macroeconomic-variables-and-stock-exchange-market-development-in-nigeria-7-2

MLA 8th

CHUKWU, CHUKWU. "Macroeconomic variables and stock exchange market development in Nigeria " Repository.mouau.edu.ng. Repository.mouau.edu.ng, 15 May. 2023, https://repository.mouau.edu.ng/work/view/macroeconomic-variables-and-stock-exchange-market-development-in-nigeria-7-2. Accessed 15 Apr. 2024.

MLA7

CHUKWU, CHUKWU. "Macroeconomic variables and stock exchange market development in Nigeria ". Repository.mouau.edu.ng, Repository.mouau.edu.ng, 15 May. 2023. Web. 15 Apr. 2024. < https://repository.mouau.edu.ng/work/view/macroeconomic-variables-and-stock-exchange-market-development-in-nigeria-7-2 >.

Chicago

CHUKWU, CHUKWU. "Macroeconomic variables and stock exchange market development in Nigeria " Repository.mouau.edu.ng (2023). Accessed 15 Apr. 2024. https://repository.mouau.edu.ng/work/view/macroeconomic-variables-and-stock-exchange-market-development-in-nigeria-7-2

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