Determinants of Stock Market Development in Nigeria: This study examined the determinants of stock market development for the period of The study further investigated the long run and short run relationship between the variables, using ex-post facto research design and the utilization of Johansen Co-integration and Error Correction Model ECM approach.

The empirical result indicates that market capitalization, credit to private sector and exchange rates are all important determinants of stock market development both in the long run and short run in Nigeria as these variables have positive effect and thus stimulate economic growth in Nigeria while inflation and saving rate had negative impact on stock market development in Nigeria.

These results as they stand have some policy implications and it therefore follows that to achieve accelerated stock market development and economic growth in Nigeria, monetary authorities should effectively moderate and control the inflation and savings rate so as to sustain macroeconomic stability.

This study therefore recommended amongst others that policy makers should be concerned with stock market liquidity, given that market capitalization is a strong indicator of stock market development in Nigeria.

Determinants of stock market development in Nigeria using error correction model approach | John | Global Journal of Social Sciences

Market capitalization; stock market development; economic growth; exchange rate; inflation rate; savings rate; private sector credit. Index Copernicus Evaluation Result Released. Permanent Digital Archiving of SDI journals.

Determinants of stock market development in Nigeria using error correction model approach | John | Global Journal of Social Sciences

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DETERMINANTS OF STOCK MARKET DEVELOPMENT IN NIGERIA USING ERROR CORRECTION MODEL APPROACH - ProQuest

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Asian Journal of Research in Medical and Pharmaceutical Sciences. Advances in Research, ISSN: Etale 1 1 Department of Finance and Accountancy, Niger Delta University, Wilberforce Island, Bayelsa State, Nigeria. Search this site google. Permanent Digital Archiving of SDI journals SDI is happy to announce that all our journals are now permanently archived in Journal Repository J Growth of SDI and world publication market As of , total 25, journals are competing in World market of journal publication.

Index Medicus selected 15 SDI journals We are delighted to inform that Index Medicus IMSEAR has selected following 15 SDI journals for in