The effect of government bond, market capitalizations and listed securities on economic growth in Nigeria
Abdulrahman Bala Sani, Ajayi Oluwafemi Ezekiel
The study Examined Nigerian Stock Exchange performance on economic growth (EGR) in Nigeria, an Evaluation was also made on the Effect of government bond on EGR of Nigeria the study further Accessed the Relationship that exists between market capitalizations on the EGR of Nigeria and lastly, Examined if listed securities have significant impact on the EGR of Nigeria, The study made use of secondary data which were obtained from the statistical bulletin, NSE fact book from year 1980-2020 the study adopted an econometric technique of analysis using the unit root testing of the variables, co integration and ordinary least square (OLS) regression of a sample model of stock market under the criteria for evaluating our models include the following F statistics, coefficient of determination R2) and adjusted R2 the result revealed that the association between government bonds and GDP has a t-statistics of 4.038324 and a p-value of 0.0003, indicating a positive and statistically significant influence on Nigeria's EGR the result on objectives two shows that the link between market capitalization and GDP has a t-statistics of 8.413320 and a p-value of 0.0000, indicating a positive and statistically significant influence on Nigeria's EGR result on objectives three shows that the link between listed securities and GDP has a t-statistics of -2.324069 and a p-value of 0.0257, indicating a negative and statistically significant influence on Nigeria's EGR. The study concluded that government should put in place enough informational and infrastructure facilities to enable both rural and urban investors to participate in the exchange's activities through effective sensitization and stock market advancements within the Nigerian economy.
Abdulrahman Bala Sani, Ajayi Oluwafemi Ezekiel. The effect of government bond, market capitalizations and listed securities on economic growth in Nigeria. International Journal of Management and Economics, Volume 4, Issue 1, 2022, Pages 35-42