One of the oldest debates in finance has remained the direction of causation between financial development and economic growth.

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This paper examines the direction of causation between stock market development and economic growth in Nigeria. Simple Granger causality test is specified and estimated, using time serial data covering the period The empirical evidence strongly suggests that a bi-directional relationship exist between stock market development and economic growth in Nigeria. Augustine, Ujunwa and Chikeleze, Benedict, Stock Market Development and Economic Growth in Nigeria: A Granger Causality Test Subscribe to this fee journal for more curated articles on this topic.

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Ujunwa Augustine affiliation not provided to SSRN Benedict Chikeleze University of Nigeria. Abstract One of the oldest debates in finance has remained the direction of causation between financial development and economic growth. Ujunwa Augustine Contact Author affiliation not provided to SSRN email. Benedict Chikeleze The role of stock market development on economic growth in nigeria of Nigeria ogui Road Enugu Nsukka, Enugu State Instaforex binary options review. Download this Paper Open PDF in Browser.

Stock Market Development and Economic Growth in Nigeria: A Granger Causality Test by Ujunwa Augustine, Benedict Chikeleze :: SSRN

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