{"id":"https://openalex.org/W4392400660","doi":"https://doi.org/10.47772/ijriss.2024.802024","title":"Impact of Capital Market Development on Industrial Sector Output in Nigeria: 1986-2022","display_name":"Impact of Capital Market Development on Industrial Sector Output in Nigeria: 1986-2022","publication_year":2024,"publication_date":"2024-01-01","ids":{"openalex":"https://openalex.org/W4392400660","doi":"https://doi.org/10.47772/ijriss.2024.802024"},"language":"en","primary_location":{"id":"doi:10.47772/ijriss.2024.802024","doi":"https://doi.org/10.47772/ijriss.2024.802024","is_oa":false,"landing_page_url":"http://dx.doi.org/10.47772/ijriss.2024.802024","pdf_url":null,"source":{"id":"https://openalex.org/S4210198394","display_name":"International Journal of Research and Innovation in Social Science","issn_l":"2454-6186","issn":["2454-6186"],"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"International Journal of Research and Innovation in Social Science","raw_type":"journal-article"},"volume":null,"type":"article","is_traditional":true,"indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5051425666","display_name":"John Olu-Coris Aiyedogbon","orcid":"https://orcid.org/0000-0001-5095-875X","observed_orcids":["https://orcid.org/0000-0001-5095-875X"]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"John O. Aiyedogbon","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]},{"author_position":"middle","author":{"id":"https://openalex.org/A5090450308","display_name":"Abayomi Awujola","orcid":"https://orcid.org/0000-0002-4454-1576","observed_orcids":["https://orcid.org/0000-0002-4454-1576"]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Awujola Abayomi","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]},{"author_position":"last","author":{"id":"https://openalex.org/A5094055556","display_name":"Ngozi J. Okoroike","orcid":null,"observed_orcids":[]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Ngozi J. Okoroike","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]}],"institutions":[],"countries_distinct_count":0,"institutions_distinct_count":0,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":0.0,"has_fulltext":false,"cited_by_count":0,"citation_normalized_percentile":{"value":0.0,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":null,"biblio":{"volume":"VIII","issue":"II","first_page":"341","last_page":"358"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.926800012588501,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.926800012588501,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T14317","display_name":"Finance, Markets, and Regulation","score":0.032099999487400055,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11742","display_name":"Economic Theory and Policy","score":0.0052999998442828655,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/capital-market-development","display_name":"capital market development","score":1.0},{"id":"https://openalex.org/keywords/industrial-development","display_name":"industrial development","score":0.921999990940094},{"id":"https://openalex.org/keywords/market-capitalization","display_name":"market capitalization","score":0.8519999980926514},{"id":"https://openalex.org/keywords/all-share-index","display_name":"All Share Index","score":0.8889999985694885},{"id":"https://openalex.org/keywords/manufacturing-industry","display_name":"manufacturing industry","score":0.6480000019073486},{"id":"https://openalex.org/keywords/nigeria","display_name":"Nigeria","score":0.7609999775886536},{"id":"https://openalex.org/keywords/stock-exchange-listing","display_name":"stock market listing","score":0.5799999833106995},{"id":"https://openalex.org/keywords/market-transparency","display_name":"market transparency","score":0.6909999847412109},{"id":"https://openalex.org/keywords/transaction-costs","display_name":"transaction costs","score":0.9240000247955322}],"concepts":[{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.5057809352874756},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.41519221663475037},{"id":"https://openalex.org/C83646750","wikidata":"https://www.wikidata.org/wiki/Q193893","display_name":"Capital (architecture)","level":2,"score":0.41190141439437866},{"id":"https://openalex.org/C40700","wikidata":"https://www.wikidata.org/wiki/Q1411783","display_name":"Industrial organization","level":1,"score":0.3921699821949005},{"id":"https://openalex.org/C205649164","wikidata":"https://www.wikidata.org/wiki/Q1071","display_name":"Geography","level":0,"score":0.08736583590507507},{"id":"https://openalex.org/C166957645","wikidata":"https://www.wikidata.org/wiki/Q23498","display_name":"Archaeology","level":1,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"doi:10.47772/ijriss.2024.802024","doi":"https://doi.org/10.47772/ijriss.2024.802024","is_oa":false,"landing_page_url":"http://dx.doi.org/10.47772/ijriss.2024.802024","pdf_url":null,"source":{"id":"https://openalex.org/S4210198394","display_name":"International Journal of Research and Innovation in Social Science","issn_l":"2454-6186","issn":["2454-6186"],"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"International Journal of Research and Innovation in Social Science","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:bcp:journl:v:8:y:2024:i:2:p:341-358","doi":null,"is_oa":false,"landing_page_url":"https://www.rsisinternational.org/journals/ijriss/articles/impact-of-capital-market-development-on-industrial-sector-output-in-nigeria-1986-2022/","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"}],"best_oa_location":null,"sustainable_development_goals":[{"id":"https://metadata.un.org/sdg/8","display_name":"Decent work and economic growth","score":0.9211000204086304},{"id":"https://metadata.un.org/sdg/9","display_name":"Industry, innovation and infrastructure","score":0.8970999717712402}],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":0,"referenced_works":[],"related_works":["https://openalex.org/W4417085193","https://openalex.org/W7221150452","https://openalex.org/W7223204300","https://openalex.org/W7211952697","https://openalex.org/W7162399813","https://openalex.org/W7204277764","https://openalex.org/W7098964354","https://openalex.org/W7103999897","https://openalex.org/W7152536266","https://openalex.org/W4407350178"],"abstract_inverted_index":{"The":[0,126],"ideal":[1],"situation":[2],"for":[3],"any":[4],"growing":[5],"economy,":[6],"especially":[7],"one":[8],"as":[9,12,26,145,248],"diversely":[10],"poised":[11],"Nigeria,":[13],"is":[14,23,160],"to":[15,35,70,99,172,229,251,273,293,297],"have":[16],"a":[17,32,41,82,134,207,249,278],"thriving":[18],"industrial":[19,67,85,111,140,150,174,194,212,233,258,308],"sector.":[20,234,259,309],"This":[21,96],"sector":[22,53,112,141,151,175,195,213],"traditionally":[24],"seen":[25],"an":[27],"indispensable":[28],"engine":[29],"of":[30,38,44,50,59,78,103,110,122,163,256,277,301],"growth,":[31,142,214],"crucial":[33],"antidote":[34],"the":[36,47,51,66,75,101,108,120,149,154,161,184,187,193,203,211,232,239,253,257,275,283,303,307],"challenges":[37],"unemployment,":[39],"and":[40,117,136,178,198,245,267,306],"potent":[42],"creator":[43],"wealth.":[45],"Regrettably,":[46],"current":[48],"state":[49],"manufacturing":[52],"in":[54,84,113,191,231],"Nigeria":[55,114],"falls":[56],"significantly":[57],"short":[58],"this":[60],"ideal.":[61],"Recent":[62],"statistics":[63],"indicate":[64],"that":[65,129,144,216],"sector\u2019s":[68],"contribution":[69],"GDP":[71],"remains":[72],"suboptimal,":[73],"with":[74,119,210,287],"National":[76],"Bureau":[77],"Statistics":[79],"(NBS)":[80],"reporting":[81],"decline":[83],"growth":[86,109,176,230,254],"despite":[87],"several":[88],"policy":[89],"measures":[90],"aimed":[91],"at":[92],"enhancing":[93],"its":[94],"growth.":[95],"research":[97],"sought":[98],"investigate":[100],"impact":[102,138],"capital":[104,188,304],"market":[105,146,168,189,219,265,305],"development":[106,300],"on":[107,139,236],"between":[115],"1986":[116],"2022":[118],"aid":[121],"ARDL":[123],"estimation":[124],"technique.":[125],"findings":[127],"revealed":[128],"Stock":[130],"Market":[131],"Capitalization":[132],"had":[133],"significant":[135],"positive":[137,181],"suggesting":[143],"capitalization":[147],"increased,":[148],"flourished.":[152],"In":[153],"same":[155],"vein,":[156],"Turnover":[157],"Ratio,":[158],"which":[159],"value":[162],"traded":[164],"shares":[165],"divided":[166],"by":[167,196],"capitalization,":[169],"was":[170],"found":[171,286],"enhance":[173,252],"positively":[177],"significantly.":[179],"These":[180],"relationships":[182],"underscored":[183],"pivotal":[185],"role":[186],"plays":[190],"boosting":[192],"mobilizing":[197],"channeling":[199],"resources":[200],"efficiently.":[201],"However,":[202],"All-Share":[204,288],"Index":[205],"exhibited":[206],"negative":[208,284],"relationship":[209],"indicating":[215],"while":[217],"general":[218],"sentiment":[220],"might":[221,225],"be":[222],"positive,":[223],"it":[224],"not":[226],"always":[227],"translate":[228],"Based":[235],"these":[237,295],"findings,":[238],"paper":[240],"recommended":[241],"promoting":[242],"public":[243],"listings":[244],"private":[246],"investments":[247],"strategy":[250],"potential":[255],"Furthermore,":[260],"improving":[261],"trading":[262],"platforms,":[263],"ensuring":[264],"transparency,":[266],"reducing":[268],"transactional":[269],"costs":[270],"were":[271,291],"emphasized":[272],"leverage":[274],"benefits":[276],"high":[279],"turnover":[280],"ratio.":[281],"For":[282],"aspects":[285],"Index,":[289],"policymakers":[290],"advised":[292],"address":[294],"components":[296],"ensure":[298],"holistic":[299],"both":[302]},"counts_by_year":[],"updated_date":"2026-09-22T06:50:58.402377","created_date":"2024-03-05T00:00:00"}