International records / OpenAlex research

Stock Market and Economic Growth in Nigeria

This study investigates the short run effect, long run effect and causal relationship between stock market and economic growth in Nigeria.The Augmented Dickey Fuller unit root test, Ordinary Least Squares, Johansen Cointegration test and Pairwise granger causality methods were applied to the variables.The OLS result showed that the all share index had a significant but negative relationship with economic growth; The Johansen cointegration test showed that a long run relationship exists between the stock market performance and economic growth in Nigeria in the long run while the Granger causali…