International records / OpenAlex research

THE IMPACT OF STOCK MARKET EARNINGS ON NIGERIAN PER CAPITA INCOME

This paper seeks to examine the impact of stock market earnings on income of the average Nigerian. This means stock market earnings is an impetus to improvement the standard of living of the average Nigerian. Applying cointegration and error correction modeling to stock market performance and per capital income time series data, this study has helped in highlighting the specific roles of major indicators of the capital market, which are relevant in testing the stock market earning-per capita income growth nexus. The findings indicated the separate roles played by the primary capital market and…