Impact of capital market performance on economic growth in Nigeria: a systematic review

Abstract

A systematic review of Capital market research from 2012 to 2021 identifying relevant features and characteristics of these studies and thereby proffering suggestions for future research. The study used the Systematic Quantitative Assessment Technique (SQAT), a methodology for the identification and selection of high-quality peer-reviewed journal articles, all selected journal articles studied the impact of the capital market on economic growth. A total of 51 Journal articles; were used for the review. Analysis revealed that many of the studies were conducted in Nigeria, while some articles were from different continents, but were significantly empirical. The focus of many Capital market article themes was studying the Capital market and how it influences economic growth. A limitation was the use of high-quality academic database that could not provide enough articles for the review; hence, the use of Google Scholar open search for the selection of relevant articles. The study concluded that capital market performance influenced economic growth even though with disparity among different nations due to the difference in the level of development of capital markets across the globe. It was recommended that research on capital markets requires more attention due to the clear nexus between the capital market performance and economic growth.

Does Small, and Medium Enterprises Aid Poverty Reduction in Nigeria? Robust Evidence From Alternative Poverty Indicators

“…EMPIRICAL REVIEWSBackground research SMEs' roles in developing countries exploit how comprehensive measures for SMEs activities, such as SMEs financing or access to it, and outputs influence on economic growth, employment creation or poverty reduction. For instance, amongst other studies includingAcho and Abuh (2018),Bello et al (2018) Eze and Okpala (2015),Gbam (2017),Ilegbinosa and Jumbo (2015),Omonigbo (2017),Opafunso and Adepoju (2014), considered the influence on economic growth. Some, such asAdebayo (2020), Kareem et al (2022,Ogundele et al (2022),Sangodapo (2020), and others, focused on the effect of SMEs on employment creation and/or poverty reduction.The studies utilised different approaches including survey design, self-developed questionnaire and qualitative analysis as well as different quantitative secondary data methods founded on extent estimation assumptions.Based on Survey and primary data collection evidence, includingSafiriyu and Njogo (2012),Muritala et al (2013),Opafunso and Adepoju (2014), and others, show the relationship between SMEs, poverty, and/or growth.Safiriyu and Njogo (2012) find that SMEs creates employment and improves sustainable development in Lagos.Muritala et al.…”