MACROECONOMIC DETERMINANTS OF STOCK MARKET PERFORMANCE IN NIGERIA, 1986-2013

Anyanwu, Sarah; Aiyedogbon, John O.; ISA, Grace H.

dc.contributor.author	Anyanwu, Sarah
dc.contributor.author	Aiyedogbon, John O.
dc.contributor.author	ISA, Grace H.
dc.date.accessioned	2024-08-26T14:08:02Z
dc.date.available	2024-08-26T14:08:02Z
dc.date.issued	2014-09
dc.identifier.issn	1116-0381
dc.identifier.uri	http://localhost:8080/xmlui/handle/123456789/2712
dc.description.abstract	The paper is part of larger research agenda with the purpose of exploring some of the determinants of stock market in Nigeria for the periodl980-2013. The variables employed included market capitalization, per capita income, interest rate, exchange rate, inflation and the economy level of openness. The econometric methodology is error correction model and it was discovered that interest rate, inflation and past level of market capitalization were the major determining factors for trading activities at the NSE. However, the negative impact of inflation, interest rate and per capita income revealed by the study is beginning to assume a dangerous dimension. The paper therefore recommended that the monetary authority should ensure moderate interest rate that encourages investment even as the current double digit inflation in the economy should be checked.	en_US
dc.language.iso	en	en_US
dc.publisher	Journal of Sociology and Education in Africa	en_US
dc.relation.ispartofseries	VOL 12;NO. 2 & 3
dc.subject	Nigerian Stock Exchange, Stock Market, Co-integration and Error Correction Model	en_US
dc.title	MACROECONOMIC DETERMINANTS OF STOCK MARKET PERFORMANCE IN NIGERIA, 1986-2013	en_US
dc.type	Article	en_US