The study has examined critically the vital role capital market can play at improving economic growth. The total market capitalization and all share index were used as proxies for the independent variables while gross domestic product was used as proxy for economic growth, serving as dependent variable. The study considered the activities at the capital market as having value chain consequences that encapsulate the wheel of growth of the economy. As such, to test the validity the OLS regression analysis technique was adopted for empirical analysis. The result indicates a statistically significant relationship with total market capitalization while all share index showed a statistically insignificant relationship. In all, more instruments were recommended to be introduced in the market if the capital market would fully perform its function as lubricating channel of economic growth.
| Published in | International Journal of Economics, Finance and Management Sciences (Volume 5, Issue 3) |
| DOI | 10.11648/j.ijefm.20170503.12 |
| Page(s) | 139-145 |
| Creative Commons |
This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited. |
| Copyright |
Copyright © The Author(s), 2017. Published by Science Publishing Group |
Capitalization, All Share Index, Securities, Instruments, GDP
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APA Style
Oke J. A., Okunlola F. A., Suberu O. J. (2017). Economic Growth Arguments: The Role of the Capital Market. International Journal of Economics, Finance and Management Sciences, 5(3), 139-145. https://doi.org/10.11648/j.ijefm.20170503.12
ACS Style
Oke J. A.; Okunlola F. A.; Suberu O. J. Economic Growth Arguments: The Role of the Capital Market. Int. J. Econ. Finance Manag. Sci. 2017, 5(3), 139-145. doi: 10.11648/j.ijefm.20170503.12
AMA Style
Oke J. A., Okunlola F. A., Suberu O. J. Economic Growth Arguments: The Role of the Capital Market. Int J Econ Finance Manag Sci. 2017;5(3):139-145. doi: 10.11648/j.ijefm.20170503.12
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Download@article{10.11648/j.ijefm.20170503.12,
author = {Oke J. A. and Okunlola F. A. and Suberu O. J.},
title = {Economic Growth Arguments: The Role of the Capital Market},
journal = {International Journal of Economics, Finance and Management Sciences},
volume = {5},
number = {3},
pages = {139-145},
doi = {10.11648/j.ijefm.20170503.12},
url = {https://doi.org/10.11648/j.ijefm.20170503.12},
eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijefm.20170503.12},
abstract = {The study has examined critically the vital role capital market can play at improving economic growth. The total market capitalization and all share index were used as proxies for the independent variables while gross domestic product was used as proxy for economic growth, serving as dependent variable. The study considered the activities at the capital market as having value chain consequences that encapsulate the wheel of growth of the economy. As such, to test the validity the OLS regression analysis technique was adopted for empirical analysis. The result indicates a statistically significant relationship with total market capitalization while all share index showed a statistically insignificant relationship. In all, more instruments were recommended to be introduced in the market if the capital market would fully perform its function as lubricating channel of economic growth.},
year = {2017}
}
TY - JOUR T1 - Economic Growth Arguments: The Role of the Capital Market AU - Oke J. A. AU - Okunlola F. A. AU - Suberu O. J. Y1 - 2017/04/14 PY - 2017 N1 - https://doi.org/10.11648/j.ijefm.20170503.12 DO - 10.11648/j.ijefm.20170503.12 T2 - International Journal of Economics, Finance and Management Sciences JF - International Journal of Economics, Finance and Management Sciences JO - International Journal of Economics, Finance and Management Sciences SP - 139 EP - 145 PB - Science Publishing Group SN - 2326-9561 UR - https://doi.org/10.11648/j.ijefm.20170503.12 AB - The study has examined critically the vital role capital market can play at improving economic growth. The total market capitalization and all share index were used as proxies for the independent variables while gross domestic product was used as proxy for economic growth, serving as dependent variable. The study considered the activities at the capital market as having value chain consequences that encapsulate the wheel of growth of the economy. As such, to test the validity the OLS regression analysis technique was adopted for empirical analysis. The result indicates a statistically significant relationship with total market capitalization while all share index showed a statistically insignificant relationship. In all, more instruments were recommended to be introduced in the market if the capital market would fully perform its function as lubricating channel of economic growth. VL - 5 IS - 3 ER -
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