AN EMPIRICAL ANALYSIS OF THE RELATIONSHIP BETWEEN EXCHANGE RATE AND STOCK PRICES IN NIGERIA
📄 Project Abstract
This study examines the causal relationship between exchange rate and stock prices in Nigeria using quarterly data for the period of 1990-Q1 to 2009-Q4. The ADF and PP tests suggest that the series are random work processes in their level form. Pair-wise Granger Causality was tested within multivariate co-integration and vector error correction model (VECM) framework. Three different stock exchange indicators were used as proxy for stock prices to test the direction of causality between the variables. Thus we have three VAR models. The empirical findings suggest evidence of long run equilibrium relationship between exchange rate and stock prices. It further shows that there is strong unidirectional causality running from stock prices to exchange rate irrespective of the stock market indicator used. The result supports the Stock Oriented Model (SOM). The estimated cointegrated vector showed that exchange rate exerts negative impact on Nigerian stock prices. Evidence from vector error co...
🔍 Key Research Areas Covered
- ✅ Literature Review & Theoretical Framework
- ✅ Research Methodology & Data Collection
- ✅ Data Analysis & Statistical Methods
- ✅ Findings & Results Discussion
- ✅ Recommendations & Conclusions
- ✅ References & Bibliography
📚 Complete Project Structure
- Problem Statement & Objectives
- Theoretical Framework & Related Studies
- Data Collection & Analysis Methods
- Findings & Statistical Analysis
- Recommendations & Future Research
- Questionnaires, Data, References
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AN EMPIRICAL ANALYSIS OF THE RELATIONSHIP BETWEEN EXCHANGE RATE AND STOCK PRICES IN NIGERIA
Full Citation:
ODIONYE, JOSEPH CHUKWUDI. (). AN EMPIRICAL ANALYSIS OF THE RELATIONSHIP BETWEEN EXCHANGE RATE AND STOCK PRICES IN NIGERIA. African and General Studies, 40, 14858.
Citation Formats:
APA
ODIONYE, JOSEPH CHUKWUDI. (). AN EMPIRICAL ANALYSIS OF THE RELATIONSHIP BETWEEN EXCHANGE RATE AND STOCK PRICES IN NIGERIA. African and General Studies, 40, 14858.
MLA
ODIONYE, JOSEPH CHUKWUDI. "AN EMPIRICAL ANALYSIS OF THE RELATIONSHIP BETWEEN EXCHANGE RATE AND STOCK PRICES IN NIGERIA." African and General Studies, vol. 40, , pp. 14858.
Chicago
ODIONYE, JOSEPH CHUKWUDI. "AN EMPIRICAL ANALYSIS OF THE RELATIONSHIP BETWEEN EXCHANGE RATE AND STOCK PRICES IN NIGERIA." African and General Studies 40 (): 14858.
Full Citation:
ODIONYE, JOSEPH CHUKWUDI. (). AN EMPIRICAL ANALYSIS OF THE RELATIONSHIP BETWEEN EXCHANGE RATE AND STOCK PRICES IN NIGERIA. African and General Studies, 40, 14858.
Citation Formats:
APA
ODIONYE, JOSEPH CHUKWUDI. (). AN EMPIRICAL ANALYSIS OF THE RELATIONSHIP BETWEEN EXCHANGE RATE AND STOCK PRICES IN NIGERIA. African and General Studies, 40, 14858.
MLA
ODIONYE, JOSEPH CHUKWUDI. "AN EMPIRICAL ANALYSIS OF THE RELATIONSHIP BETWEEN EXCHANGE RATE AND STOCK PRICES IN NIGERIA." African and General Studies, vol. 40, , pp. 14858.
Chicago
ODIONYE, JOSEPH CHUKWUDI. "AN EMPIRICAL ANALYSIS OF THE RELATIONSHIP BETWEEN EXCHANGE RATE AND STOCK PRICES IN NIGERIA." African and General Studies 40 (): 14858.
Document Details
| Author | ODIONYE, JOSEPH CHUKWUDI |
|---|---|
| 📁 Field | Economics Project Topics |
| 🏷️ Type | Social Sciences project topics |
| Pages | 90 Pages |
| Words | 23564 words |
| 📘 Chapters | 1 to 5 Chapters |