Table 8 Estimated results on share price fluctuations impact on economic growth.
From: Application of Markov chain to share price movement in Nigeria (1985–2019)
Dependent Variable: Gross Domestic Product Growth Rate—GDPgr | ||||||
|---|---|---|---|---|---|---|
Variable | Coef | Robust Std. Error | t-Stat | P >|t| | [95% Conf. Interval] | |
ASI | .544475 | .0948564 | 5.74 | 0.012 | − .1298676 | .2703916 |
MC | .5539639 | .1225584 | 4.52 | 0.014 | − .0727725 | .4443788 |
BDR | − .0012527 | .0010986 | − 1.14 | 0.270 | − .0035705 | .001065 |
EXR | − .0871632 | .0488911 | − 1.78 | 0.092 | − .015988 | .1903144 |
L1.resid | − .3291654 | .3409294 | − 0.97 | 0.348 | − .3901327 | 1.048464 |
_Cons | − 4.748378 | 4.041796 | − 1.17 | 0.256 | − 13.27582 | 3.779067 |
F (5, 17) | 2.75 | Prob > F | 0.0435 | |||
R-squared | 0.4024 | Root MSE | 5.977 | |||