Stock Market Performance and Manufacturing Growth in Nigeria

Isaac Tope Awe
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Isaac Tope Awe: Department of Economics, School of Social and Management Science, Bamidele Olumilua University of Education, Science and Technology, Ikere – Ekiti, Nigeria

International Journal of Research and Innovation in Social Science, 2022, vol. 6, issue 3, 684-691

Abstract: This study examined nexus between stock market performance and manufacturing growth in Nigeria using data spanning between 1985 and 2020. Vector Autoregression (VAR) model was employed to examine the complex interaction between the variables. The result of stationarity test through Augmented Dickey-Fuller (ADF) and Phillip Peron (PP) affirmed the use of VAR. the study concluded that stock market performance has significant influence on manufacturing growth. Hence, government should make concerted effort by making appropriate monetary policy that will promote stock market performance that will leads to capacity growth of manufacturing sub-sector.

Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:bcp:journl:v:6:y:2022:i:3:p:684-691

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