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, and on stock price of United Bank for Africa plc. The study used time serial data for 30 year period: 1980–2009, using …
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growth by comparing two leading emerging economies in Africa: Nigeria and South Africa from 1981 to 2015. Growth rate of … indicators of both countries. The ARDL co-integration divulged equilibrium long run relationship between stock market development … and economic growth in Nigeria but not for South Africa. In both short and long run, there was a positive but …
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