International records / OpenAlex research

The Impact of Public Sector Expenditure on the Development of the Nigerian Capital Market

This study was carried out to examine the effect of public sector expenditure on the development of the Nigerian capital market, through an empirical examination of the transmission of capital, recurrent and total public sector expenditure on market capitalization and value of transactions.Secondary data were extracted, tabulated and analysed using the ordinary least square of multiple regression technique.The study found that capital expenditure, recurrent expenditure and total government expenditure had significant relationship with market capitalization, and total value of transaction.The s…