EFFECT OF DERIVATIVE MARKET INSTRUMENTS ON ECONOMIC GROWTH IN NIGERIA

Authors

  • A. O. Gbadebo
  • O. F. Omolaja

Abstract

The study examines the influence of derivative market instruments on economic growth in Nigeria between 2001and 2019. The secondary data was sourced from the CBN Statistical Bulletin and the National Bureau of Statistics. Time-series data were analyzed with the use of the Error Correction Model (ECM). The result revealed derivative markets have a positive significant relationship with economic growth in Nigeria in both the long and short runs. On the other hand, the exchange rate had a negative and significant impact on economic growth in Nigeria in both the short and long runs. The study concludes that derivative markets have a positive significant effect on Nigerian economic growth (GDP). The study, therefore, recommends that the regulators should encourage the development of financial derivatives to boost economic growth in Nigeria.

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Published

2022-06-30

How to Cite

Gbadebo, A. O., & Omolaja, O. F. (2022). EFFECT OF DERIVATIVE MARKET INSTRUMENTS ON ECONOMIC GROWTH IN NIGERIA. JOURNAL OF EMERGING TRENDS IN MANAGEMENT SCIENCES AND ENTREPRENEURSHIP, 4(1), 264–277. Retrieved from https://jetmase.com/index.php/jetmase/article/view/48

Issue

Vol. 4 No. 1 (2022): JETMASE

Section

Articles

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