Matrix Science Mathematic (MSMK)

APPLICATION OF DYNAMIC REGRESSION (DR) TO MODELING OF THE GROSS DOMESTIC PRODUCT (GDP) OF NIGERIA

October 4, 2023 Posted by Natasha In MSMK

ABSTRACT

APPLICATION OF DYNAMIC REGRESSION (DR) TO MODELING OF THE GROSS DOMESTIC PRODUCT (GDP) OF NIGERIA

Journal: Matrix Science Mathematic (MSMK)
Author: Biremo B., Raji I., and Ilugbo S.O.

This is an open access article distributed under the Creative Commons Attribution License CC BY 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited

DOI: 10.26480/msmk.02.2023.103.113

This study examine the significant contribution of Nigeria Stock Market towards the Gross Domestic Product. The main objective of this work is to assess the level of Stock Market stability in Nigeria by applying Dynamic Regression to modeling of Gross Domestic Product (GDP) using the Quarterly Gross Domestic Product at 1990 constant basic prices of Nigeria from the first quarter of 1985 to the third quarter of 2013. Quarterly all Share Index of the Nigerian Stock Exchange from the first quarter of 1985 to the fourth quarter of 2013 and finally Quarterly Market Capitalization of the Nigerian Stock Exchange for the same period. It was observed that the relationship is statistically significant, which allows the stock market to have an impact on the Nigerian Economy. It was concluded that Government and Economic planner should take more advantage of statistical tools in studying the relationship between the GDP movement and the Stock Exchange.
Pages 103-113
Year 2023
Issue 2
Volume 7

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