{"id":"https://openalex.org/W63000721","doi":null,"title":"Stock market performance and economic growth in Nigeria (1984 - 2011)","display_name":"Stock market performance and economic growth in Nigeria (1984 - 2011)","publication_year":2012,"publication_date":"2012-12-01","ids":{"openalex":"https://openalex.org/W63000721","mag":"63000721"},"language":"en","primary_location":{"id":"mag:63000721","doi":null,"is_oa":false,"landing_page_url":"https://journals.co.za/content/sl_jetems/3/6/EJC130246","pdf_url":null,"source":{"id":"https://openalex.org/S2764638421","display_name":"Journal of Emerging Trends in Economics and Management Science","issn_l":"2141-7024","issn":["2141-7024"],"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":null,"is_accepted":false,"is_published":false,"raw_source_name":"Journal of Emerging Trends in Economics and Management Science","raw_type":null},"volume":null,"type":"article","is_traditional":true,"indexed_in":[],"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/A5046321536","display_name":"John Uzoma Ihendinihu","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I98220444","display_name":"Michael Okpara University of Agriculture","ror":"https://ror.org/050850526","country_code":"NG","type":"education","lineage":["https://openalex.org/I98220444"]}],"countries":["NG"],"is_corresponding":false,"raw_author_name":"John Uzoma Ihendinihu","raw_affiliation_strings":["Michael Okpara University of Agriculture, Nigeria"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Michael Okpara University of Agriculture, Nigeria","institution_ids":["https://openalex.org/I98220444"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5051320568","display_name":"John Chika Onwuchekwa","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I3133127056","display_name":"Rhema University","ror":"https://ror.org/027rrs715","country_code":"NG","type":"education","lineage":["https://openalex.org/I3133127056"]}],"countries":["NG"],"is_corresponding":false,"raw_author_name":"John Chika Onwuchekwa","raw_affiliation_strings":["Rhema University, Nigeria"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Rhema University, Nigeria","institution_ids":["https://openalex.org/I3133127056"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":2,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":3.4454,"has_fulltext":false,"cited_by_count":16,"citation_normalized_percentile":{"value":0.92674316,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":88,"max":95},"biblio":{"volume":"3","issue":"6","first_page":"971","last_page":"977"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.8560000061988831,"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":0.8560000061988831,"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/T10047","display_name":"Financial Markets and Investment Strategies","score":0.05649999901652336,"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/T11059","display_name":"Market Dynamics and Volatility","score":0.04560000076889992,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"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/stock-market-performance","display_name":"stock market performance","score":1.0},{"id":"https://openalex.org/keywords/economic-growth","display_name":"economic growth","score":1.0},{"id":"https://openalex.org/keywords/nigerian-stock-exchange","display_name":"Nigerian Stock Exchange","score":0.6940000057220459},{"id":"https://openalex.org/keywords/market-capitalization","display_name":"market capitalization","score":0.9679999947547913},{"id":"https://openalex.org/keywords/all-share-index","display_name":"All Share Index","score":0.859000027179718},{"id":"https://openalex.org/keywords/gross-domestic-product","display_name":"gross domestic product","score":0.5099999904632568},{"id":"https://openalex.org/keywords/causality","display_name":"causality","score":0.6230000257492065},{"id":"https://openalex.org/keywords/error-correction-model","display_name":"error correction model","score":0.7940000295639038},{"id":"https://openalex.org/keywords/securities-regulation","display_name":"securities regulation","score":0.7319999933242798},{"id":"https://openalex.org/keywords/investor-confidence","display_name":"investor confidence","score":0.7689999938011169},{"id":"https://openalex.org/keywords/nigeria","display_name":"Nigeria","score":0.9240000247955322}],"concepts":[{"id":"https://openalex.org/C2780299701","wikidata":"https://www.wikidata.org/wiki/Q475000","display_name":"Stock market","level":3,"score":0.797499418258667},{"id":"https://openalex.org/C193445137","wikidata":"https://www.wikidata.org/wiki/Q471719","display_name":"Market capitalization","level":4,"score":0.7196836471557617},{"id":"https://openalex.org/C206913280","wikidata":"https://www.wikidata.org/wiki/Q1349203","display_name":"Primary market","level":4,"score":0.6346940994262695},{"id":"https://openalex.org/C33400823","wikidata":"https://www.wikidata.org/wiki/Q1419119","display_name":"Market depth","level":4,"score":0.6286718845367432},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.529079258441925},{"id":"https://openalex.org/C148126853","wikidata":"https://www.wikidata.org/wiki/Q7316309","display_name":"Restricted stock","level":4,"score":0.45585522055625916},{"id":"https://openalex.org/C12747933","wikidata":"https://www.wikidata.org/wiki/Q13405082","display_name":"Stock market bubble","level":4,"score":0.4519599676132202},{"id":"https://openalex.org/C200870193","wikidata":"https://www.wikidata.org/wiki/Q11691","display_name":"Stock exchange","level":2,"score":0.42956116795539856},{"id":"https://openalex.org/C195534400","wikidata":"https://www.wikidata.org/wiki/Q641443","display_name":"Factor market","level":2,"score":0.42591720819473267},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.39991235733032227},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.3525480628013611},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.3342479169368744},{"id":"https://openalex.org/C34447519","wikidata":"https://www.wikidata.org/wiki/Q179522","display_name":"Market economy","level":1,"score":0.23362404108047485},{"id":"https://openalex.org/C86803240","wikidata":"https://www.wikidata.org/wiki/Q420","display_name":"Biology","level":0,"score":0.0},{"id":"https://openalex.org/C2780762169","wikidata":"https://www.wikidata.org/wiki/Q5905368","display_name":"Horse","level":2,"score":0.0},{"id":"https://openalex.org/C151730666","wikidata":"https://www.wikidata.org/wiki/Q7205","display_name":"Paleontology","level":1,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"mag:63000721","doi":null,"is_oa":false,"landing_page_url":"https://journals.co.za/content/sl_jetems/3/6/EJC130246","pdf_url":null,"source":{"id":"https://openalex.org/S2764638421","display_name":"Journal of Emerging Trends in Economics and Management Science","issn_l":"2141-7024","issn":["2141-7024"],"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":null,"is_accepted":false,"is_published":false,"raw_source_name":"Journal of Emerging Trends in Economics and Management Science","raw_type":null}],"best_oa_location":null,"sustainable_development_goals":[{"score":0.7257999777793884,"display_name":"Decent work and economic growth","id":"https://metadata.un.org/sdg/8"}],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":13,"referenced_works":["https://openalex.org/W73925915","https://openalex.org/W146972582","https://openalex.org/W618881967","https://openalex.org/W1525876177","https://openalex.org/W1546852854","https://openalex.org/W2026015845","https://openalex.org/W2078213728","https://openalex.org/W2097493311","https://openalex.org/W2168058661","https://openalex.org/W2259382957","https://openalex.org/W2464815133","https://openalex.org/W3121620933","https://openalex.org/W3126123174"],"related_works":["https://openalex.org/W2185398191","https://openalex.org/W4389265735","https://openalex.org/W7008535922","https://openalex.org/W7217744280","https://openalex.org/W1480993352","https://openalex.org/W4298070858","https://openalex.org/W7204435656","https://openalex.org/W4407135994","https://openalex.org/W4413434094","https://openalex.org/W2343445732"],"abstract_inverted_index":{"The":[0,63,104,116,160,178,207],"Stock":[1,80],"Market":[2,142],"is":[3,50,65,164],"a":[4,24],"specialized":[5],"financial":[6],"market":[7,30,56,93,135,150,197,213,227],"with":[8,170],"acclaimed":[9],"capacity":[10],"to":[11,46,102,166,191,193,217],"facilitate":[12],"and":[13,16,20,58,70,74,90,152,172,199,215,229],"mobilize":[14],"savings":[15],"investment":[17],"for":[18,36,67,98,234],"economic":[19,37,59,126],"industrial":[21],"growth.":[22],"As":[23],"long":[25,161],"term":[26],"security":[27],"provider,":[28],"the":[29,78,99,114,123,138,149,238],"stands":[31],"out":[32],"as":[33,157,174],"an":[34],"agent":[35],"growth":[38,60,127],"in":[39,61,112,125,133,137,148,188,195,200,204,237],"many":[40],"world":[41],"economies.":[42],"This":[43],"paper":[44],"tries":[45],"determine":[47],"whether":[48],"there":[49],"any":[51],"causal":[52],"link":[53],"between":[54],"stock":[55,92,134,196,212],"performance":[57,94,136,198],"Nigeria.":[62],"study":[64],"significant":[66,158,176],"policy":[68,220],"formulation":[69],"implementation":[71],"by":[72,131],"government":[73],"other":[75],"stakeholders":[76],"of":[77,122,146,183,225],"Nigerian":[79],"Market.":[81],"Time":[82],"Series":[83],"data":[84],"on":[85,211],"Gross":[86],"Domestic":[87],"Product":[88],"(GDP)":[89],"key":[91,219],"indicators":[95],"were":[96],"collated":[97],"period":[100],"1984":[101],"2011.":[103],"Ordinary":[105],"Least":[106],"Square":[107],"(OLS)":[108],"Technique":[109],"was":[110],"adopted":[111],"analysing":[113],"data.":[115],"results":[117],"indicate":[118],"that":[119,222],"about":[120],"88%":[121],"changes":[124,132],"could":[128],"be":[129],"explained":[130],"short":[139],"run,":[140],"implicating":[141],"Capitalization":[143],"(MKTCAP),":[144],"Value":[145],"Transaction":[147],"(VALTRAN)":[151],"All":[153],"share":[154],"Index":[155],"(ALLSVI)":[156],"predictors.":[159],"run":[162],"effect":[163],"shown":[165],"stand":[167],"at":[168],"95%":[169],"MKTCAP":[171],"ALLSVI":[173],"having":[175],"influences.":[177],"Error":[179],"Correction":[180],"Model":[181],"coefficient":[182],"-0.39":[184],"suggests":[185],"slow":[186],"speed":[187],"operators'":[189],"ability":[190],"adjust":[192],"shocks":[194],"restoring":[201],"investors'":[202],"confidence":[203],"such":[205],"circumstances.":[206],"work":[208],"therefore":[209],"calls":[210],"regulators":[214],"operators":[216],"address":[218],"issues":[221],"are":[223],"capable":[224],"boosting":[226],"credibility":[228],"engendering":[230],"stable":[231],"macro-economic":[232],"environment":[233],"all":[235],"players":[236],"capital":[239],"market.":[240]},"counts_by_year":[{"year":2025,"cited_by_count":1},{"year":2023,"cited_by_count":2},{"year":2022,"cited_by_count":2},{"year":2020,"cited_by_count":2},{"year":2019,"cited_by_count":2},{"year":2016,"cited_by_count":1},{"year":2015,"cited_by_count":1},{"year":2014,"cited_by_count":2},{"year":2013,"cited_by_count":2}],"updated_date":"2026-10-27T15:51:10.671819","created_date":"2016-06-24T00:00:00"}
