5.[34-42]Effect of Foreign Direct Investment and Stock Market Development on Economic Growth in Nigeria (1980-2009)

European Journal of Business and Management www. iiste. org ISSN 2222-1905 (Paper) ISSN 2222-2839 (Online) Vol 3, No. 12, 2011 34 | P a g e www. iiste. org Effect of Foreign Direct Investment and Stock Market Development on Economic Growth in Nigeria... More

European Journal of Business and Management www. iiste. org ISSN 2222-1905 (Paper) ISSN 2222-2839 (Online) Vol 3, No. 12, 2011 34 | P a g e www. iiste. org Effect of Foreign Direct Investment and Stock Market Development on Economic Growth in Nigeria (1980-2009) Isiaq Olasunkanmi OSENI (Corresponding Author) Department of Economics, Accounting & Finance, Bells University of Technology, Ota E-mail: osenibells@ymail. com Oluwafemi Sunday ENILOLOBO Department of Economics, Accounting & Finance, Bells University of Technology, Ota E-mail: osenilolobo@yahoo. com Abstract This paper investigates the impact of Foreign Direct Investment (FDI) and stock market development on growth in Nigeria, for the period 1980-2009. The paper is imperative for policy makers to determine the trend of foreign direct investment and stock market development as well as the exert relationship that exists among foreign direct investment, stock market development and economic growth in Nigeria. The paper employs e Less