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This paper examines the effect of financial system development on oil-dominant economy of Nigeria using Zivot … study also differs from the usual yet unsatisfactory approach of measuring financial system development in Nigeria to build …
Persistent link: https://www.econbiz.de/10013179543
This paper re-examined the relationship between financial development and economic growth in Nigeria. Unlike existing … studies, we attempted to assess the information content of non-linearities in the finance–growth nexus for Nigeria. We also … financial system reforms. On the basis of the foregoing, broader structural reforms should pervade Nigeria's policy space if the …
Persistent link: https://www.econbiz.de/10012858628
This study investigates the impact of financial stability on economic growth in Nigeria by employingthe Autoregressive … limited to the banking sector and the capital market, which dominate the financial sector in Nigeria. The study contributes to … growth in Nigeria considering that few studies have been carried out in this area. It established a negative relationship …
Persistent link: https://www.econbiz.de/10014083498
This paper reviews the theoretical and empirical literature on links between domestic financial development and economic growth. It starts with the pioneers in this field and then classifies two main schools favouring liberal financial regimes. First McKinnon and Shaw advocated financial...
Persistent link: https://www.econbiz.de/10011335226
This study discusses the current state of knowledge on the financial development and economic growth by reviewing the most decisive theoretical and empirical contributions. It is obvious that financial development is at least correlated with economic development and that a sound and refined...
Persistent link: https://www.econbiz.de/10012907618
This paper argues that excessive financial development in combination with high levels of technological innovation or R&D activities may lead to the former being ineffective in generating economic growth. This hypothesis is examined through a dynamic panel analysis using two measures of...
Persistent link: https://www.econbiz.de/10013034506
bank-based economies suggesting that financial structure influences the causal direction between financial and economic …
Persistent link: https://www.econbiz.de/10013036052
between the bank-based side of financial development, as compared to the market-based side of financial development. Given the …
Persistent link: https://www.econbiz.de/10011877345
rate of growth of capital asset or income whether source of borrowing is bank or money lender. This is then formalized in a …
Persistent link: https://www.econbiz.de/10011952114
neutral. Furthermore, when controlling for the sectoral allocation of financing, no specific instrument - e.g. bank credit or …
Persistent link: https://www.econbiz.de/10011962798