The impact of financial development on economic growth in Nigeria: An ARDL analysis

Artikel

This study empirically examines the relationship between financial intermediary development and economic growth in Nigeria over the period 1981-2011 using the auto-regressive distributed lag (ARDL) approach to co-integration analysis. The results show that the relationship between financial development and economic growth in Nigeria is not significantly different from what has been observed generally in oil-dependent economies. The relationship between financial intermediary development and economic growth in Nigeria is found to be insignificantly negative in the long-run and significantly negative in the short-run. The results highlight the dominant role of the oil sector in economic activities in Nigeria.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Journal: Economies ; ISSN: 2227-7099 ; Volume: 4 ; Year: 2016 ; Issue: 4 ; Pages: 1-12 ; Basel: MDPI

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Financial Institutions and Services: General ; Macroeconomic Analyses of Economic Development ; Exhaustible Resources and Economic Development
• Thema: financial development ; economic growth ; oil price ; oil-dependent economies ; Nigeria ; ARDL

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Iheanacho, Eugene
• Ereignis: Veröffentlichung
• (wer): MDPI
• (wo): Basel
• (wann): 2016

Weitere Informationen

• DOI: doi:10.3390/economies4040026
• Handle: http://hdl.handle.net/10419/167755
• Letzte Aktualisierung: 20.09.2024, 08:21 MESZ