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The Impact Of Capital Market On The Economic Development In Nigeria (1985-2011)
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1.3 RESEARCH QUESTIONS
This
study is aimed at assessing the activities of the Nigerian capital
market and the impact it has to the development of the Nigerian economy.
The following questions are therefore raised to guide the study;
1. What is the impact of capital market on the economic development of Nigerian?
2. What is the impact of Nigerian capital market on Nigerian banking system?
1.4 OBJECTIVE OF THE STUDY
The objective of the study is to evaluate the contribution of the
Nigerian stock exchange to the development of the Nigerian economy
The specific objective are
1. To examine the impact of capital market on the Nigerian economy.
2. To examine the impact of capital market on the Nigerian banking system.
1.5 RESEARCH HYPOTHESIS
According
to Nwana 1998 „‟A hypothesis formulation is aimed at delimiting the
direction of searching for evidence everywhere, anywhere .it is based on
the above premise that the following hypothesis is formulated to guide
this work
Hoi There is no significant impact of capital market on the economic development of the country.
HO2 There is no significant relationship between the Nigerian capital market and banking system.
1.6 SIGNIFICANCE OF THE STUDY
The
importance of a developed and liable capital market in the economic
development of Nigerian cannot be our emphasized. This analysis is
important as it would examine to what extent the capital market has
contribution to economic development of Nigerian.
The result from
this study is expected to be of great importance to individuals,
investors, and business. Firms and the entire economy as a whole.it will
also help to enlighten the members of the public on the meaning of
stocks and shares inculcating in them the savings and investment habit.
However,
the government and policy makers would find this research handy,
especially in area of policy formulation in restricting the
Capital
market, for an improved performance of the aimed at boosting investors
to patronize the stock exchange market in other to enhance their effect
on the economy. This study is also expected to identify some problems
encountered in the capital market by participants and suggest possible
means of rectifying them.
1.7 SCOPE AND LIMITATION OF THE STUDY
The
focus of the study is limited to the activities of the Nigerian capital
market. And will cover the period 1985- 2011 .this study has no doubt
encounter problems in terms of both internal and external validity. Like
any other research study, this too has some limitations. The problem
encountered in the case of embarking on this research is in two
dimensions, finance and time.
Finance is required to enable the
researcher to travel from one place to another to obtain necessary data
for the study and also to produce a readable copy.
Time is also another constraint as the research had to apportion her limited time in ensuring the research becomes successful.
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ABSRACT - [ Total Page(s): 1 ]Many efforts have been made towards understanding the relationship between capital market and the economic development of Nigeria. The capital market of every economy is setup for the attainment of specific objective which includes economic growth and stability; Data were collected and analyzed using ordinary least square analysis. These include F-test, to determine the significance of the entire regression plan, T- test to test for the significance of the individual variables and the second ord ... Continue reading---
