Paper Title
Impact of Economic growth and selected Monetary Policy Environments on Capital Market Performance in Nigeria
Article Identifiers
Authors
IORTYER AONDOVER DOMINIC , MUSA DANIEL OJONAGO
Keywords
Key words: Market capitalization, Capital market, real economic growth rate, Interest rate, Exchange rate.
Abstract
Abstract Capital market performance is influenced by a variety of factors; consequently, this article examined the impact of certain macroeconomic settings, as measured by the real economic growth (RGDP), real interest rate (INT), and real exchange rate (EXR), on capital market performance in Nigeria. Market capitalization (MCAP) serves as a proxy for capital markets. Estimation was based on annual time series for the variables spanning 1986–2023. The dynamic Autoregressive distributed lag (ARDL) technique was utilized to calculate effects of the regresors on the regresand in both the short and long run. The results showed that the capital market reacts both short- and long-term to shifts in macroeconomic conditions. In light of the results,the study advocated desired economic policy actions that could improve the stable macroeconomic environment for long-term growth and performance of Nigeria's capital markets.
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How To Cite (APA)
IORTYER AONDOVER DOMINIC & MUSA DANIEL OJONAGO (August-2024). Impact of Economic growth and selected Monetary Policy Environments on Capital Market Performance in Nigeria. INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT, 9(8), b482-b494. https://ijnrd.org/papers/IJNRD2408139.pdf
Issue
Volume 9 Issue 8, August-2024
Pages : b482-b494
Other Publication Details
Paper Reg. ID: IJNRD_226192
Published Paper Id: IJNRD2408139
Downloads: 000122001
Research Area: Social Science and HumanitiesÂ
Country: Lokoja, KOGI, Nigeria
Published Paper PDF: https://ijnrd.org/papers/IJNRD2408139.pdf
Published Paper URL: https://ijnrd.org/viewpaperforall?paper=IJNRD2408139
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Journal Name: INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT(IJNRD)
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This work is licensed under a Creative Commons Attribution 4.0 International License and The Open Definition
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