文章基本信息

标题：Capital Market Development: A Spur to Economic Growth in Nigeria
其他标题：Capital Market Development: A Spur to Economic Growth in Nigeria
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作者：Ismail, Fasanya Olaleke ; Adegbemi, Onakoya ; Donald, Ofoegbu Ikenna 等
期刊名称：Acta Universitatis Danubius. Oeconomica
印刷版ISSN：2065-0175
电子版ISSN：2067-340X
出版年度：2013
卷号：9
期号：5
语种：English
出版社：Danubius University
摘要：This paper examines the relationship between capital market development and Nigeria's economic growth using data covering the range of 1981 to 2010 using a Johansen Cointegration technique to test for long run relationship among the variables under study. The empirical findings from the research work suggest that the capital market is on the average and beneficial to the economy. However, the high costs of raising capital and structural imbalances in the market as well as inconsistent government policies may distorts the speedy growth of the market and thus, limit its positive impact on the economy.
关键词：Financial Institutions; Economic Growth; Cointegration; Nigeria