LASU Journal of Employment Relations and Human Resource Management
(LJERHRM)
ISSN: 2705-3482
Volume 1, No. 1, December 2018
Pages 258-264
DOI: 10.36108/ljerhrm/8102.01.0182
EFFECTOF STOCK EXCHANGE OPERATIONS ON ECONOMIC GROWTH IN NIGERIA
ABDU, Maryam PhD1. & IBRAHIM Sunday Moses2
Department of Business Administration, Kaduna State University
maryam.abdu@kasu.edu.ng1, consultsunny11@gmail.com2
Abstract
This study examined the effect of Nigerian Stock Exchange operations on the Economic Growth in Nigeria. Data was collected from secondary sources, through the central bank of Nigeria database. To achieve the objective of the study, Nigerian Stock Exchange operations was proxy by All Share Index while Economic Growth was proxy by Gross Domestic Product. The study covered a seventeen year period. Ordinary least square regression technique was employed in examining the effect of all share index on economic growth. The findings revealed that all share index and gross domestic product are positively and significantly correlated. Based on the findings of this study, it is therefore recommended that an enabling environment should be created in order to enhance the participation of both private and public sector in the security market so as to stimulate economic growth
Keywords: All Share Index, Economic Growth, Gross Domestic Product