Development of the Nigerian Economy; a Model of Treasury Bill Rate, Stock Prices, Exchange Rate, and Oil Production
نام عام مواد
[Thesis]
نام نخستين پديدآور
Nneji, Ikenna Dominic
نام ساير پديدآوران
Luea, Heather
وضعیت نشر و پخش و غیره
نام ناشر، پخش کننده و غيره
Trident University International
تاریخ نشرو بخش و غیره
2020
يادداشت کلی
متن يادداشت
127 p.
یادداشتهای مربوط به پایان نامه ها
جزئيات پايان نامه و نوع درجه آن
PhDBA
کسي که مدرک را اعطا کرده
Trident University International
امتياز متن
2020
یادداشتهای مربوط به خلاصه یا چکیده
متن يادداشت
The current study investigated the development of the Nigerian economy using three factors: Treasury bill rate, exchange rate (Naira per U.S. dollar) and oil production; that is, it assessed whether the three factors can explain the rate of development of the Nigerian economy, as measured with the Nigerian All-Share Index (ASI). Finding out whether the ASI related to Treasury bill rates, the rates of exchange, and the production of oil was instrumental in establishing whether the capital market of Nigeria has any significant impact on its economic development. Conventionally, many researchers have employed the Gross Domestic Product to define the status, rate of growth, and development of the economy. However, this study used a different model that others have not fully utilized to determine the direction of the economy and to predict changes that might occur due to variables in the capital market. It reports the descriptive statistics of the raw data for this study and it examines the stationary time series relying on augmented Dickey Fuller Unit Tests. None of the variables are stationary except Treasury bill rates. To achieve stationary variables, first it was necessary to measure differences. A vector autoregression model examined how prices of shares relate to individual variables in the long run. The results of the study revealed the existence of a long-run relationship between Treasury bill rates and prices of shares. There was a strong, positive, long-term relationship between prices of shares and oil production. Moreover, the findings of this study showed that there is only a short-term relationship between exchange rates and share prices. Monthly time-series data for Treasury bill rates, prices of stocks/shares, rates of exchange, and oil production between January 2006 and August 2019 provided the data to achieve the research objectives. Keywords: Nigerian economy, Treasury bill rates, prices of shares, exchange rates, oil production.
اصطلاحهای موضوعی کنترل نشده
اصطلاح موضوعی
Economics
اصطلاح موضوعی
Sub Saharan Africa studies
نام شخص به منزله سر شناسه - (مسئولیت معنوی درجه اول )