This paper examines specifically the impact of financial structure on long-run economic growth in Nigeria, using time serial data for 16 year period: 1992 – 2006. The Ordinary Least Square multiple regression was used to estimate the necessary models. The gross domestic product per capita...

The advocacy for the diversification of local government finance in order to meet the developmental needs at the grass root in Nigeria has generated serious controversy among scholars. This paper argues that while the advantages of using bonds to finance urban infrastructure are increasingly...

[enter Abstract Body]The need for sound local government finance (LGF) is gaining greater recognition in Africa and Asia, largely due to the reasons of their pivotal roles in the grass root economic development. In Nigeria for instance, there has been the call for the diversification of the...

One of the oldest debates in finance has remained the direction of causation between financial development and economic growth. This paper examines the direction of causation between stock market development and economic growth in Nigeria. Simple Granger causality test is specified and...

This paper examines specifically the impact of banking development on long-run economic growth in Nigeria, using time serial data for 16 year period: 1992-2002. The Ordinary Least Square multiple regression was used to estimate the necessary models. The gross domestic product per capita growth...