This research work was motivated with the desire to alleviate the prevailing stagnating rate of unemployment in Nigeria by studying the deficits and surpluses of the Capital market. This study analyses the impact of capital market on employment generation in Nigeria from 1980-2015 with the use of time series data. The research technique employed was the ordinary least square (OLS) and Johansenco-integration techniqueto determine if a long run relationship exists between capital market and employment generation in Nigeria. The variables introduced are unemployment rate, market capitalisation and Gross domestic product (GDP). Findings show that a long run relationship exists between the capital market and employment generation in Nigeria. This study suggests improvement in the declining market capitalisation by encouraging more foreign investors to participate in the market.
1.1 Introduction
In this section, Impact of Capital Market on Employment Generation in Nigeria is discussed, with relevant and recent citations. As a prelude to other parts of this study, this chapter will discuss the background upon which this study was initiated, the statement of problems that led to this study, the aim and objectives of the study. Others are significance of the study, scope of work, research hypothesis and questions, limitation of the study and definition of terms.