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...
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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 |
| _version_ | 1827292481701543936 |
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| author | Awe Isaac Tope |
| author_facet | Awe Isaac Tope |
| author_sort | Awe |
| collection | DOAJ |
| description | 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. |
| first_indexed | 2024-04-24T13:06:31Z |
| format | Article |
| id | doaj.art-9c1cbb5f67014cca93c1397179a8860a |
| institution | Directory Open Access Journal |
| issn | 1849-3327 |
| language | English |
| last_indexed | 2024-04-24T13:06:31Z |
| publishDate | 2022-03-01 |
| publisher | Varazdin Development and Entrepreneurship Agency |
| record_format | Article |
| series | Journal of Economic and Social Development (Varaždin) |
| spelling | doaj.art-9c1cbb5f67014cca93c1397179a8860a2024-04-05T07:50:42ZengVarazdin Development and Entrepreneurship AgencyJournal of Economic and Social Development (Varaždin)1849-33272022-03-0109010112https://doi.org/10.55539/jesd.9.1.7Nexus Between Stock Market Performance and Manufacturing Growth in NigeriaAwe0Isaac Tope1Department of Economics, School of Social and Management Science, Bamidele Olumilua University of Education, Science and Technology, Ikere – Ekiti, NigeriaDepartment of Economics, School of Social and Management Science, Bamidele Olumilua University of Education, Science and Technology, Ikere – Ekiti, NigeriaThis 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.https://www.jesd-online.com/dokumenti/upload/separated/JESD_9_1-58-69.pdfstock market performancemanufacturing growthall-share indexequityindustrial loan |
| spellingShingle | Awe Isaac Tope Nexus Between Stock Market Performance and Manufacturing Growth in Nigeria Journal of Economic and Social Development (Varaždin) stock market performance manufacturing growth all-share index equity industrial loan |
| title | Nexus Between Stock Market Performance and Manufacturing Growth in Nigeria |
| title_full | Nexus Between Stock Market Performance and Manufacturing Growth in Nigeria |
| title_fullStr | Nexus Between Stock Market Performance and Manufacturing Growth in Nigeria |
| title_full_unstemmed | Nexus Between Stock Market Performance and Manufacturing Growth in Nigeria |
| title_short | Nexus Between Stock Market Performance and Manufacturing Growth in Nigeria |
| title_sort | nexus between stock market performance and manufacturing growth in nigeria |
| topic | stock market performance manufacturing growth all-share index equity industrial loan |
| url | https://www.jesd-online.com/dokumenti/upload/separated/JESD_9_1-58-69.pdf |
| work_keys_str_mv | AT awe nexusbetweenstockmarketperformanceandmanufacturinggrowthinnigeria AT isaactope nexusbetweenstockmarketperformanceandmanufacturinggrowthinnigeria |