CAPITAL MARKET DEVELOPMENT AND ECONOMIC GROWTH IN NIGERIA

The motivation behind this study is to experimentally look at the connection between capital market improvement and monetary development in Nigeria. examination investigated Central Bank of Nigeria quarterly information from 1981Q1 2017Q4 with E-sees programming bundle (variant 9.0). Vector Auto Regression (VAR) procedure was utilized investigate information, while theory testing depended on Block Exogeneity Wald test. predetermined models included stationarity tests, diminished structure VAR gauge, primary examination. Augmented Dickey-Fuller Test demonstrates that factors are fixed first contrast or I(1). establishes plot corresponding unit circle our steady. Lagrange Multiplier (LM) symptomatic tests demonstrate effectively indicated. p-esteem shows capitalization proportion critical clarifying varieties financial (p = 0.0205). Notwithstanding, worth stock banking framework not huge deciding Real Gross Domestic Product All all, advancement worked by vigorous capitalization. Nonetheless, it restricted diminishing volume lessening It suggested area ought take forceful drives approaches support an arising economy.