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Author : John E. Udo Ndebbio
Publisher :
ISBN 13 :
Total Pages : 44 pages
Book Rating : 4.:/5 (37 download)
Download or read book Financial Deepening, Economic Growth, and Development written by John E. Udo Ndebbio and published by . This book was released on 2004 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author :
Publisher :
ISBN 13 :
Total Pages : 48 pages
Book Rating : 4.:/5 (932 download)
Download or read book Financial Deepening and Economic Growth in Nigeria written by and published by . This book was released on 2015 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Paschal Chikwado Nwakobi
Publisher :
ISBN 13 :
Total Pages : 9 pages
Book Rating : 4.:/5 (13 download)
Download or read book Effect of Financial Deepening on Economic Growth in Nigeria written by Paschal Chikwado Nwakobi and published by . This book was released on 2020 with total page 9 pages. Available in PDF, EPUB and Kindle. Book excerpt: The influence of financial deepening on the economic growth of any nation cannot be underestimated. To this end, the study evaluated the effect of financial deepening on economic growth in Nigeria over a period of thirty three (33) years: 1986 to 2018. Data were collected from statistical bulletins of the Central Bank of Nigeria (CBN) and factbooks of the Nigerian Stock Exchange (NSE). The model estimation followed the Auto-regressive Distributive Lag (ARDL) approach with the effect estimated in line with the Granger Causality analysis. We found that economic growth in Nigeria is not affected by financial deepening. The study also stated that the level of growth in the economy is what influences the level of development in the banking sector. The implication is that the Central Bank of Nigeria and the Security and Exchange Commission (SEC) should formulate and implement policies geared toward the deepening of the banking sector and the capital markets to help in the efficient and effective mobilization of resources to accelerate the growth of the Nigerian economy. The insurance sector should not be left out in this regard even though citizens seem not to embrace the need for insurance policies. Impediments to the competition in the banking, insurance and capital market activities should be removed by strict legislation in line with international best practices and participants in the markets be protected as well.
Author : Paul Terhemba Iorember
Publisher :
ISBN 13 : 9783659979927
Total Pages : 168 pages
Book Rating : 4.9/5 (799 download)
Download or read book Financial Deepening and Economic Growth in Nigeria written by Paul Terhemba Iorember and published by . This book was released on 2016-11-22 with total page 168 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : S. Magaji
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)
Download or read book Testing the Supply-Leading and Demand-Following Hypothesis for Financial Development and Economic Growth - a Case of the Nigerian Banking System written by S. Magaji and published by . This book was released on 2022 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The study examined financial development and economic growth in the context of the Nigerian banking system using the Toda-Yamamoto approach to Granger causality to test whether the relationship between financial development and economic growth follows the pattern of supply-leading and demand-following hypothesis propounded by Patrick (1966). The financial development indicators of the banking system, which depicts financial deepening and stability for the period 1960 to 2019 were utilised. The findings of the study showed that the relationship between financial development and economic growth was neither supply-leading nor demand-following for the sub-periods of 1960-1985 and 1986-2019. However, for the entire period of 1960-2019, the demand-following hypothesis was established, suggesting that in Nigeria economic growth granger cause financial development. This implied that financial development stemming from the banking system does not drive economic growth in Nigeria. In view of this, it was recommended that efforts be made by government to diversify and fast-track development in the economy to ensure that financial development impacts on economy.
Author : Ogbodo Charles
Publisher :
ISBN 13 :
Total Pages : 7 pages
Book Rating : 4.:/5 (13 download)
Download or read book Reassessing Growth Impact of Financial Deepening in Emerging Economies written by Ogbodo Charles and published by . This book was released on 2016 with total page 7 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper reassesses the relationship between financial deepening and economic growth in Nigeria using distributed lag model and causality analysis. It presents two important conclusions. First, financial deepening in Nigeria may not necessarily impact growth; and when it does, its impact may be negative. Second, financial sector in Nigeria seems not to have been positioned enough as policy instrument for achieving economic growth. To further understand the relationship between financial deepening and economic growth in Nigeria for proper policy recommendations, this paper suggests two important areas for more studies - optimization of Nigerian financial sector size for economic growth, and factors militating against expected growth impact of financial deepening in Nigeria.
Author : D. A. Omole
Publisher : Nigerian Institute of Social and Economic Research (NISER), University of Ibadan
ISBN 13 :
Total Pages : 78 pages
Book Rating : 4.3/5 ( download)
Download or read book Financial Deepening and Stock Market Development in Nigeria written by D. A. Omole and published by Nigerian Institute of Social and Economic Research (NISER), University of Ibadan. This book was released on 1999 with total page 78 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Olabanji Olufemi
Publisher :
ISBN 13 :
Total Pages : 55 pages
Book Rating : 4.:/5 (827 download)
Download or read book Financial development and economic growth in Nigeria written by Olabanji Olufemi and published by . This book was released on 2010 with total page 55 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Ejike Udeogu
Publisher : Cambridge Scholars Publishing
ISBN 13 : 1527522733
Total Pages : 198 pages
Book Rating : 4.5/5 (275 download)
Download or read book Financialisation, Capital Accumulation and Economic Development in Nigeria written by Ejike Udeogu and published by Cambridge Scholars Publishing. This book was released on 2018-11-30 with total page 198 pages. Available in PDF, EPUB and Kindle. Book excerpt: The inadequacies of many past studies that have tried to highlight the causes of the persistent underdevelopment in developing countries—such as Nigeria—have been noted to derive mainly from the focus and, in some cases, the methodologies adopted by the researchers. It has been suggested that, although many researchers recognize the inability to reproduce sufficient profit as undermining the capitalist accumulation process (and as a result the development of an economy), they have nevertheless often tended to ignore the importance of the political-economic arrangement and historical factors in the formation of expectations about the rate of profit. Indeed, in some cases, they have failed to provide a substantive account of these critical variables. This book highlights how the inherent contradictions of the contemporary political-economic arrangement and some historical factors undermined the peculiar capital accumulation processes in Nigeria, which, in turn, has slowed economic development in the country. This book contributes to the field of Nigeria studies by filling gaps that exist in both theoretical and empirical literature on growth and development in the country, deviating from the orthodox approach of analysing the nation’s problems purely based on the factors internal to the country and by imposing ready-made theoretical logics on history. Rather, it studies Nigeria’s problems in juxtaposition with the world system and imposes historical evidence on theoretical logics. This book represents a good resource for both undergraduate and postgraduate courses on area studies. Researchers and policy-makers will also find it useful as a reference.
Author : Damian Nwosu
Publisher : GRIN Verlag
ISBN 13 : 3656453160
Total Pages : 23 pages
Book Rating : 4.6/5 (564 download)
Download or read book The Impact of Bank Credit on Industrial Development of Nigeria written by Damian Nwosu and published by GRIN Verlag. This book was released on 2013-06-27 with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt: Research Paper (postgraduate) from the year 2011 in the subject Business economics - Banking, Stock Exchanges, Insurance, Accounting, , language: English, abstract: The ongoing financial crisis has reinforced the importance of capital in the industrial development and economic growth of a country. In the last two years, industries have closed down owing to lack of capital occasioned by the global financial meltdown. From America, London, other European countries, Asia and Africa, governments have had to intervene in other to bail out some ailing industries and forestall total collapse of the economy. These show the importance of credit either from bank or any other means to industries. Recognizing the importance of capital in economic growth, Mackinnon and Shaw (1973), outlined the procedures for strengthening the financial sector of an economy so as to enable it play the all important role of providing capital for industrial development. Among the basic explanations for this is that the financial sector serves to reallocate funds from the supply side, given their investment opportunities, to the demand side with a shortage of funds. Thus, an economy with well-developed financial institutions will be better able to allocate resources to industries that yield the highest returns. The manufacturing sector is a catalyst to the modern economy and has a many dynamic benefits that are crucial for economic transformation, (Loto, 2005). The manufacturing sector is a leading sector. It helps to increase productivity in relation to import substitution, export expansion, creating foreign exchange earning capacity, raising employment and per capital income which according to Loto, (2005), widens the scope of consumption in dynamic patterns. Ogwuma, (1995) asserts that the manufacturing sector promotes the growth of investment at a faster rate than any other sector of the economy as well as wider and more efficient linkages among different sectors.
Author : Joshua Afolabi
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)
Download or read book Financial Development, Trade Openness, and Economic Growth in Nigeria written by Joshua Afolabi and published by . This book was released on 2023 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study examined the impact of financial liberalization and trade openness as well as their interactive effects on the growth of the Nigerian economy using annual time-series data for the period, 1981 to 2018. The results of the Augmented Dickey-Fuller (ADF) unit root test show that all the variables are stationary at the first difference and the Johansen cointegration test results confirm the existence of a long-run relationship among the variables in the model. Two equations were specified and estimated using the dynamic ordinary least square (DOLS) estimation technique and the granger causality test was carried out. The results reveal that financial development, exchange rate, and interest rate spread have a significant influence on real GDP in Nigeria while trade openness, as well as its interaction with financial development, do not exert any significant impact on economic growth in Nigeria. Further, this study supports the demand-following and trade-led growth hypotheses. Hence, this study recommends the design and implementation of a policy framework geared towards enhancing the intermediation efforts and deposit mobilization of the financial sector that would instigate the integration of the sector with the various productive sectors of the Nigerian economy and that trade performance in the country to be improved through economic diversification so as to boost exports, raise the country competitiveness and increase her national output.
Author : Olalekan Adekunle Ajobiewe
Publisher :
ISBN 13 :
Total Pages : 59 pages
Book Rating : 4.:/5 (428 download)
Download or read book Financial Development, Governments and Economic Growth in Nigeria written by Olalekan Adekunle Ajobiewe and published by . This book was released on 2008 with total page 59 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Edeghawe Julius Ofanson
Publisher : LAP Lambert Academic Publishing
ISBN 13 : 9783659478598
Total Pages : 184 pages
Book Rating : 4.4/5 (785 download)
Download or read book Financial Sector Development and Economic Growth in Nigeria written by Edeghawe Julius Ofanson and published by LAP Lambert Academic Publishing. This book was released on 2014-12-17 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book is made up of 5 chapters covering aspects of financial sector development and economic growth in Nigeria. The book documents past financial sector development modeling efforts of some renowned scholars in a way that will be widely accessible to policy makers, policy advisers and those with research interests in financial sector development.
Author : Taiwo Olubusoye Soetan
Publisher : Springer Nature
ISBN 13 : 3031623401
Total Pages : 357 pages
Book Rating : 4.0/5 (316 download)
Download or read book Financial Services in Nigeria written by Taiwo Olubusoye Soetan and published by Springer Nature. This book was released on 2024 with total page 357 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents a holistic picture of Nigeria's financial services landscape. This includes identifying service providers and regulatory bodies, understanding consumer behaviour, and examining the unique challenges faced by Nigerian financial institutions. The book presents up-to-date research on recent developments and regulatory changes within Nigeria's financial sector, as well as future considerations for how financial services and financial inclusion can play a crucial role in the country's sustainable economic growth. Combining academic analysis with practical insights, the book takes readers through Nigeria's key financial services providers, regulators, consumers, marketing strategies and challenges. A core focus throughout is on financial inclusion and the opportunities associated with reaching financially underserved or excluded populations, demonstrating how increasing financial access at a country-wide level aligns with global goals of reducing inequalities and promoting growth. It will have interdisciplinary appeal to scholars, students and professionals working in finance, economics, business, public policy and development studies.
Author : Oluwanishola Abiodun Okogun
Publisher : LAP Lambert Academic Publishing
ISBN 13 : 9783659171680
Total Pages : 72 pages
Book Rating : 4.1/5 (716 download)
Download or read book Stock Market Development and Economic Growth in Nigeria (1986-2006) written by Oluwanishola Abiodun Okogun and published by LAP Lambert Academic Publishing. This book was released on 2012-07 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt: One of the most enduring debates in economics is whether financial development causes economic growth or whether it is a consequence of increased economic activity. The relationship between stock market development and economic growth has received a great deal of attention during the last decades. Many economists have underlined the importance of stock market development in the process of economic growth while others think that this importance is over-stressed. Managers and owners of businesses are often ignorant of the full range of sources of finance available to them as well as the best means of accessing these funds. As businesses expand, it is pertinent to the continuing success of such a business that it possesses the ability to identify its financing requirements and its sources. Of all the sources of funds, the stock market is by far the largest source of finance for any organization and the study is needed to extensively focus on the opportunities that bound in the Nigeria stock market with regards to the process of the capital formation. This study examine the stock market development with relationship between economic growths in Nigeria.
Author : Diery Seck
Publisher : Springer Nature
ISBN 13 : 3030464822
Total Pages : 251 pages
Book Rating : 4.0/5 (34 download)
Download or read book Financing Africa’s Development written by Diery Seck and published by Springer Nature. This book was released on 2020-06-24 with total page 251 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines the impact of financing on Africa’s economic development. By exploring various financial instruments including the role of alternative sources of funding like migrant remittances and illicit flows, it analyses the role of financing for Africa’s macroeconomic development and other development indicators such as infrastructure, transport, global trade, industrialisation, social services, external indebtedness and governance. By presenting and examining case studies on various African countries and regions, the respective contributions investigate the capacity of institutions to facilitate and structure the economy’s funding activities, and to strengthen the ties between finance and development. Furthermore, they discuss various regional aspects, such as the integration of infrastructure, harmonization of fiscal policy, integration of financial markets, and the facilitation of intra-regional trade and movement of capital. Given its scope, the book will appeal to scholars of economics and development studies with an interest in the economic development of Africa.
Author : Mr.Enrique Gelbard
Publisher : International Monetary Fund
ISBN 13 : 1451852800
Total Pages : 29 pages
Book Rating : 4.4/5 (518 download)
Download or read book Measuring Financial Development in Sub-Saharan Africa written by Mr.Enrique Gelbard and published by International Monetary Fund. This book was released on 1999-08-01 with total page 29 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study introduces an index for measuring financial development and a set of six indices representing key characteristics of the financial systems in 38 sub-Saharan African countries. The results show that these countries have made good progress in improving and modernizing their financial systems during the last decade, particularly with regard to financial liberalization and the adoption of indirect instruments of monetary policy. In many countries, however, the range of financial products remains extremely limited, interest rate spreads are wide, capital adequacy ratios are insufficient, judicial loan recovery is a problem, and the share of nonperforming loans is large.
