Impact of Stock Market Performance Indices on Economic Growth

by Babatunde, Kazeem
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Babatunde, Kazeem Impact of Stock Market Performance Indices on Economic Growth
Babatunde, Kazeem - Impact of Stock Market Performance Indices on Economic Growth

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The controversy on the impact of stock market performance and economic growth and development is empirically evaluated in this study, using Nigerian data. This effort is spurred by the raging debate on the relevance of stock market in promoting economic growth. Using the Ordinary Least Square regression method, the empirical evidence suggest that stock market size and turnover ratio promote economic growth, while stock market liquidity hurts economic growth. Although our result suggests that stock mark performance indices promote economic growth and development, this evidence should be viewed with some caution. The measure of stock market performance used in this study may not be adequate. Although the market capitalization ratio (market capitalization/GDP), value of transactions traded ratio (value of transaction traded/GDP), and turnover ratio (value of transaction traded/market capitalization) as proxies of stock market performance has been popular in literature, it clearly does not include other indicators of stock market development like international integration, market concentration, regulatory and institutional indicators and stock market volatility.


Babatunde, Kazeem

Further information

Biography Artist:
My name is BABATUNDE Kazeem Abayomi, a native of Abeokuta, Ogun State in Nigeria. I graduated from the Federal Polytechnic Ilaro, in Ogun State, where i had my Higher National Diploma in Accountancy. I am currently a student member of the Institute of Chartered Accountants of Nigeria (ICAN).
Number of Pages:
Media Type:
LAP Lambert Academic Publishing

Master Data

Product Type:
Paperback book
Release date:
01 August 2013
Package Dimensions:
0.22 x 0.15 x 0.006 m; 0.204 kg
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