Stock Market Response to Economic Growth and Interest Rate Volatility: Evidence from Nigeria

Cilt: 6 Sayı: 1 1 Mart 2016
  • Babajide Abiola Ayopo
  • Lawal Adedoyin Isola
  • Somoye Russel Olukayode
International Journal of Economics and Financial Issues Kapak
International Journal of Economics and Financial Issues
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Stock Market Response to Economic Growth and Interest Rate Volatility: Evidence from Nigeria

Abstract

This study examined the relationship between macroeconomic variable volatility and stock market return within the context of Blanchard (1981) extension of the Hicks (1937) IS-LM hypothesis, using EGARCH estimation techniques to analysis monthly data sourced on the Nigerian economy from January 1985 to December 2013. Our result shows that stock prices responds significantly to innovations in the interest rate and the RGDP, we therefore recommends that policy makers on the one hand should consider volatility in both the interest rate and the RGDP when making policies aimed at enhancing stock market development. On the other hand, market practitioners are expected to make provisions for volatility in interest rate and the RGDP when making portfolio decisions.

Keywords

Ayrıntılar

Birincil Dil

İngilizce

Konular

-

Bölüm

-

Yazarlar

Babajide Abiola Ayopo Bu kişi benim

Lawal Adedoyin Isola Bu kişi benim

Somoye Russel Olukayode Bu kişi benim

Yayımlanma Tarihi

1 Mart 2016

Gönderilme Tarihi

1 Mart 2016

Kabul Tarihi

-

Yayımlandığı Sayı

Yıl 2016 Cilt: 6 Sayı: 1

IZ

https://izlik.org/JA89TA29HR

Kaynak Göster

RIS / Bibtex
APA
Ayopo, B. A., Isola, L. A., & Olukayode, S. R. (2016). Stock Market Response to Economic Growth and Interest Rate Volatility: Evidence from Nigeria. International Journal of Economics and Financial Issues, 6(1), 354-360. https://izlik.org/JA89TA29HR
AMA
1.Ayopo BA, Isola LA, Olukayode SR. Stock Market Response to Economic Growth and Interest Rate Volatility: Evidence from Nigeria. IJEFI. 2016;6(1):354-360. https://izlik.org/JA89TA29HR
Chicago
Ayopo, Babajide Abiola, Lawal Adedoyin Isola, ve Somoye Russel Olukayode. 2016. “Stock Market Response to Economic Growth and Interest Rate Volatility: Evidence from Nigeria”. International Journal of Economics and Financial Issues 6 (1): 354-60. https://izlik.org/JA89TA29HR.
EndNote
Ayopo BA, Isola LA, Olukayode SR (01 Mart 2016) Stock Market Response to Economic Growth and Interest Rate Volatility: Evidence from Nigeria. International Journal of Economics and Financial Issues 6 1 354–360.
IEEE
[1]B. A. Ayopo, L. A. Isola, ve S. R. Olukayode, “Stock Market Response to Economic Growth and Interest Rate Volatility: Evidence from Nigeria”, IJEFI, c. 6, sy 1, ss. 354–360, Mar. 2016, [çevrimiçi]. Erişim adresi: https://izlik.org/JA89TA29HR
ISNAD
Ayopo, Babajide Abiola - Isola, Lawal Adedoyin - Olukayode, Somoye Russel. “Stock Market Response to Economic Growth and Interest Rate Volatility: Evidence from Nigeria”. International Journal of Economics and Financial Issues 6/1 (01 Mart 2016): 354-360. https://izlik.org/JA89TA29HR.
JAMA
1.Ayopo BA, Isola LA, Olukayode SR. Stock Market Response to Economic Growth and Interest Rate Volatility: Evidence from Nigeria. IJEFI. 2016;6:354–360.
MLA
Ayopo, Babajide Abiola, vd. “Stock Market Response to Economic Growth and Interest Rate Volatility: Evidence from Nigeria”. International Journal of Economics and Financial Issues, c. 6, sy 1, Mart 2016, ss. 354-60, https://izlik.org/JA89TA29HR.
Vancouver
1.Babajide Abiola Ayopo, Lawal Adedoyin Isola, Somoye Russel Olukayode. Stock Market Response to Economic Growth and Interest Rate Volatility: Evidence from Nigeria. IJEFI [Internet]. 01 Mart 2016;6(1):354-60. Erişim adresi: https://izlik.org/JA89TA29HR