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Ananwude AC Author
Subjects of specialization
Affiliation
Market capitalization,Turnover ratio,Economic growth
Department of Banking and Finance, Nnamdi Azikiwe University, Anambra State, PMB 5025, Awka, Nigeria
Biography
Ananwude AC Department of Banking and Finance, Nnamdi Azikiwe University, Anambra State, PMB 5025, Awka, Nigeria. His publications include Okonkwo VI, Ananwude AC, Echekoba FN (2015) Nigeria stock market development and economic growth: A time series analysis (1993 ? 2013). Scholars J Econ Bus Manage
Publications
Research Article Open Access
Stock Market Development and Economic Growth in Nigeria: A Camaraderie Reconnaissance
Author(s): Osakwe CI and Ananwude AC
This study on camaraderie reconnaissance explored the long run relationship between stock market development and economic growth in Nigeria from 1981 to 2015. Market capitalization ratio and turnover ratio were used to measure the depth of development of Nigeria’s stock market, whereas growth rate of real gross domestic product facets economic growth. Secondary data were sourced from Nigerian Stock Exchange (NSE) and National Bureau of Statistics (NBS) analysed using Autoregressive Distributive Lag (ARDL) model. From the analysis performed, the depth of development in Nigeria’s stock market has positive but insignificant relationship with economic growth both in short and long run.... view more»
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