Mémoires

Financial Sector Reforms, Stock Market Development and Economic growth in Nigeria: 1970-1993

##plugins.themes.clarte.press.readBook## ##plugins.themes.clarte.press.citeBook## ##plugins.themes.clarte.press.shareBook##

Auteurs-es

DAUDA OLALEKAN YINUSA
SCIENCE IN ECONOMICS OF OBAFEMI AWOLOWO UNIVERSITY, ILE-IFE.
##doi.readerDisplayName## https://doi.org/10.57054/codesria.pub.1912

Mots-clés :

financial market economic growth securities exchange rate financial systems financial liberalization Nigeria

Synopsis

This study provided an empirical analys:s of the impact of financial sector reforms
on Stock Market Development in Nigeria. The study also verified the relevance of Stock
Market for economic growth. To achieve the above stated objectives, three equations
were fonnulated and using time series quarterly data, Two Stage Least Squares(2SLS)
estimation technique was employed to estimate the parameters of our variables for the
period 1970-1993.
The results of the Stock Market Equation show that financial sector reforms had
contributed significantly to Stock Market Development in Nigeria. For the growth
equation, Stock Market index indicates a positive' and significant association with
economic growth.
The policy implication-of the f'i ndi,,n gs are, first, government should avoid financial
repression and lean more to~ar-ds- lhe side of carefully designed and consistently
implemented policy of deregulation since financial reform affects Stock Market
development positively. Particular attention should be given to exchange rate and
financial structure policies because of tl1eir possible destauilizing effects if not well
managed. Second, policy makers should endeavour to encourage S_tock Market
development so as to actualise their vision of sustained and real growth in the furure.

##plugins.themes.clarte.stats.title##

##plugins.themes.clarte.metrics.views##
23
##plugins.themes.clarte.stats.downloads##
22

##plugins.themes.clarte.cites.title##

Google Scholar

Références

  1. Agenor, Pierre - Richard (1990), "Stabilization Policies in Developing Countries with
  2. a Parallel Market for Foreign Exchange: A Formal Framework" ,IMP Staff
  3. papers, Vol. 37 (September) pp. 560 - 92.
  4. Alile, H. I. and Anao, A. A. (1986), The Nigerian Stock Market in Operation, Nigeria
  5. Stock Exchange, Lagos.
  6. Atje, R. and B. Jovanovic (1993), "Stock Markets and Development", European
  7. Economic Review, Vol. 37. No .. 2/3 (April) pp. 632-40.
  8. Bagehor, W. (1962), Lonbard Street Homewood, Ill,.: Richard D. Irwin.
  9. Balassa, B. A. (1964), Trade Prospects for Developing Countries, Homewood, III,Iiwin.
  10. Bencivenga, V. R., B. D. Smith, and R. M. Starr (1996), · "Eq~ity Markets, Transactions
  11. Costs and Capital Accumulation: An Illustration", The .World Bank Economic
  12. Review, Vol. 10 No. 2 pp. 241-65.
  13. Blinder, A. S. (1987), "Credit Rationing and Effective Supply Failures", Economic
  14. Journal, 97, (June) pp. 327-52.
  15. Blommesterin, H. J. (1993), "Financial Sector reform and Monetary Policy in Central
  16. and Eastern Europe", in Fair, D. E. and Raymond, R. J. (eds.) The New
  17. Europe:. Evolving Economic and Financial System in East and West,
  18. Kluwer Academic Publisher, ~etherlands, pp. 363-89.
  19. Bird, G. (1984), "Balance of payments Policy in Developing Countries", In Tony
  20. Killick (ed): The Quest for Economic Stabilization: The !MF and the Third
  21. world, Heinemann Educational Books, pp. 85-127.
  22. Brnno, Micheal (1979), "Stabilization and Stagflation in a se:mi-industrialised economy".
  23. In Dornbusch, R. and Frenkel, J. A. (eds): Interi:iational Economic Policy:
  24. Theory and Evidence, Baltimore, John Hopins University Press, Baltimore.
  25. Buckle, M. and J .L. Thompson (1992), The United Kingdom Financial System in
  26. Transition- Theory and Practice, Manchester University Press, Oxford,
  27. U.K.
  28. Cameron, Rando (1967), Banking in the Early Stages of Industrialization, Oxford.
  29. University Press, Oxford. pp 1-9.

Téléchargements

memoire complete

##catalog.published##

juin 13, 1998

Langue

Anglais

Séries

Mémoires
© CODESRIA Books Publication System 1998

Renseignements à propos de cette monographie

Dimensions physiques

##plugins.themes.clarte.press.citeBook##

APA YINUSA, D. O. (1998). Financial Sector Reforms, Stock Market Development and Economic growth in Nigeria: 1970-1993. CODESRIA. https://doi.org/10.57054/codesria.pub.1912

##plugins.themes.clarte.cite.bibtex## ##plugins.themes.clarte.cite.ris##
##plugins.themes.clarte.press.otherStyles##

Chicago YINUSA, DAUDA OLALEKAN. Financial Sector Reforms, Stock Market Development and Economic growth in Nigeria: 1970-1993. Dakar: CODESRIA, 1998. https://doi.org/10.57054/codesria.pub.1912.

MLA YINUSA, DAUDA OLALEKAN. Financial Sector Reforms, Stock Market Development and Economic growth in Nigeria: 1970-1993. CODESRIA, 1998. https://doi.org/10.57054/codesria.pub.1912.

##plugins.themes.clarte.press.shareBook##

##plugins.themes.clarte.shareEmail## WhatsApp LinkedIn X Facebook

##plugins.themes.clarte.press.related##

##plugins.themes.clarte.press.seeAll##