Nexus Between Stock Market Performance and Manufacturing Growth in Nigeria
This study examined the nexus between stock market performance and manufacturing growth in Nigeria using data spanning between 1985 and 2020. Vector Autoregression (VAR) model was employed to examine the complex interaction between the variables. The result of the stationarity test through Augmented...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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Varazdin Development and Entrepreneurship Agency
2022-03-01
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| Series: | Journal of Economic and Social Development (Varaždin) |
| Subjects: | |
| Online Access: | https://www.jesd-online.com/dokumenti/upload/separated/JESD_9_1-58-69.pdf |
| Summary: | This study examined the nexus between stock market performance and manufacturing growth in Nigeria using data spanning between 1985 and 2020. Vector Autoregression (VAR) model was employed to examine the complex interaction between the variables. The result of the stationarity test through Augmented Dickey-Fuller (ADF) and Phillip Peron (PP) affirmed the use of VAR. the study concluded that stock market performance has a significant influence on manufacturing growth. Hence, the government should make a concerted effort by making appropriate monetary policy that will promote stock market performance that will lead to capacity growth of the manufacturing sub-sector. |
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| ISSN: | 1849-3327 |