IDEAS home Printed from https://ideas.repec.org/a/zib/zbmsmk/v7y2023i2p103-113.html
   My bibliography  Save this article

Application Of Dynamic Regression (Dr) To Modeling Of The Gross Domestic Product (Gdp) Of Nigeria

Author

Listed:
  • Ilugbo S.O.

    (Department of Physics, Lead City University Ibadan, Oyo State, Nigeria)

  • Biremo B.

    (Department of Statistics, Federal University of Technology Akure, Onod State, Nigeria)

Abstract

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.

Suggested Citation

  • Ilugbo S.O. & Biremo B., 2023. "Application Of Dynamic Regression (Dr) To Modeling Of The Gross Domestic Product (Gdp) Of Nigeria," Matrix Science Mathematic (MSMK), Zibeline International Publishing, vol. 7(2), pages 103-113, October.
    • Handle: RePEc:zib:zbmsmk:v:7:y:2023:i:2:p:103-113
    DOI: 10.26480/msmk.02.2023.103.113
    as

    Download full text from publisher

    File URL: https://matrixsmathematic.com/archives/2msmk2023/2msmk2023-103-113.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.26480/msmk.02.2023.103.113?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:zib:zbmsmk:v:7:y:2023:i:2:p:103-113. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Zibeline International Publishing The email address of this maintainer does not seem to be valid anymore. Please ask Zibeline International Publishing to update the entry or send us the correct address (email available below). General contact details of provider: https://matrixsmathematic.com/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.