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Stock Market Capitalization And Interest Rate In Nigeria A Time Series Analysis Pdf

stock market capitalization and interest rate in nigeria a time series analysis pdf

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The relationships between stock market capitalization rate and interest rate: Evidence from Jordan

Abstract Two critical factors of economic growth are stock exchange and interest rate. This paper investigates the long run relationship between stock market capitalization rate and interest rates in Turkey over the period Prior to conducting the analysis in a time series, in order to test the stability of the series, a unit root test was initially applied. It is determined that both stock market capitalization rate and interest rate series are not stationary. Long-run relationship is tested by Johansen Co-integration tests. According to the results of the study, there is long-run relationship between stock market capitalization rate and interest rates. The long run relationship between stock market capitalization rate and interest rate: co-integration approach.

Nile Journal of Business and Economics

The paper examines the impact of interest rates on investment in Nigeria from to , using co-integration and vector error correction approach. The specific objectives were to estimate the short-and long-run elasticities as well as the error correction mechanism of interest rate, inflation rate and exchange rate on investment in Nigeria. The outcome of the exercise validated the hypothesis that interest rate has impact on investment in Nigeria, albeit with mixed results as the first lag period of all the three indicators used indicated positive relationship with the growth of investment but the lag of the second period all indicated negative impact on investment. The error-correction equation of investment indicates a feedback of Also, the error-correction term indicated low speed of adjustment with only 2. Acha, I. Adebiyi, M.

stock market capitalization and interest rate in nigeria a time series analysis pdf

Time series data obtained from Central Bank of Nigeria (CBN) and Nigerian Stock Exchange (NSE) were analyzed using simple linear regression. Results showed.

Nile Journal of Business and Economics

Stock Market Capitalisation and Interest Rate in Nigeria: A Time Series Analysis

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Show all documents Since the securities value of housing is quite high, an increase in housing wealth opens up the borrowing constraints faced by households. An increase in the recognized lifetime assets induces households to spend more today, which will mean smooth consumption over the overall life cycle. Therefore, it will increase the demand for credit. Lastly, the value of bank capital will also have an impact on housing price movements on credit supply. That is, housing estimation increases the value of the dwellings owned by the bank. Besides that, the values of loans are secured by housing loans.

This study examines the relationship between stock market capitalization rate and interest rate. Results showed that the prevailing interest rate exerts positive influence on stock market capitalization rate. Government development stock rate exerts negative influence on stock market capitalization rate and prevailing interest rate exerts negative influence on government development stock. It was therefore recommended that the operators of the Nigeria capital market should raise the level of awareness so that investors will be abreast with the happening in the market. It is a known fact that the investment that promote economic growth and development requires long-term funding, or longer than the duration for which most savers are willing to commit their funds. Capital market is a collection of financial institutions set up for the granting of medium and long term loans.

Correspondence to: Olanrewaju S. This study empirically examined the impact of macroeconomic variables exchange rate, gross domestic product, inflation and interest rate on stock market prices in Nigeria using quarterly time series data covering the period ; 1 to ; 3. The econometric analysis began with pre-diagnostic test which is a pre-condition for estimating GARCH model testing for clustering volatility and ARCH effect in the residual. Properties of the time series variables were examined and tested for stationarity using the Augmented Dickey-Fuller ADF unit root test. The test revealed that all the variables; all share index, exchange rate, gross domestic product, inflation and interest rate were stationary at either level I 0 or at first difference I I.

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Skip to search form Skip to main content You are currently offline. Some features of the site may not work correctly. DOI: Ologunde and D. Elumilade and T. Ologunde , D. Elumilade , T.

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Stock Market Capitalization and Interest. This study exam in es the relationships between stock market capitalization rate and. Stock Exchange NSE were analyzed us in g regression. Results showed that the prevail in g. The study further revealed in formation as very important to capital market development.

Posada, Campbell, John Y. John Y. Campbell, Campbell, John,

Вся сцена напоминала некий извращенный вариант представления, посвященного празднику Хэллоуин. Хотя Стратмор и сожалел о смерти своего молодого сотрудника, он был уверен, что ее можно отнести к числу оправданных потерь. Фил Чатрукьян не оставил ему выбора.

time series analysis of All-Share index of Nigerian stock exchange

 Was passiert? - нервно спросил.  - Что происходит. Беккер не удостоил его ответом. - На самом деле я его не продала, - сказала Росио.  - Хотела это сделать, но она совсем еще ребенок, да и денег у нее не .

 - Нам нужны точные цифры. - Звездочка, - повторила Сьюзан, - это сноска. Соши прокрутила текст до конца раздела и побелела. - О… Боже ты .

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Энсей Танкадо всучил вам Северную Дакоту, так как он знал, что вы начнете искать. Что бы ни содержалось в его посланиях, он хотел, чтобы вы их нашли, - это ложный след.


  1. Tlanmoaspamov

    10.05.2021 at 02:36

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