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Effect of Deposit Money Banks' Credit on the Performance of Micro, Small and Medium Enterprises in Nigeria

Evbuomwan, Grace O. and Okoruwa, V.O. and Ikpi, A.E. (2013) Effect of Deposit Money Banks' Credit on the Performance of Micro, Small and Medium Enterprises in Nigeria. Central Bank of Nigeria Economic and Financial Review, 51 (2). pp. 63-91. ISSN 1957-2968

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Abstract

This paper set out to empirically evaluate the effect of deposit money banks' credit on the performance of MSMEs in Nigeria, with the aid of a vector autoregression and error correction mechanism (ECM) technique. Results of the empirical investigation confirmed credit had a positive effect on GDP of MSMEs in Nigeria as the coefficient of CAM (credit to MSMEs) was positive (1.0569) and significant at 1.0 per cent level. It was, therefore, recommended that every effort should be made to improve access to credit by MSMEs, so that they could play their potential roles of employment generation and wealth creation and move the majority of the entrepreneurs out of poverty.

Item Type: Article
Uncontrolled Keywords: Micro, small and medium enterprises, Financing, Credit, Economic development.
Subjects: H Social Sciences > H Social Sciences (General)
H Social Sciences > HG Finance
Divisions: Faculty of Law, Arts and Social Sciences > School of Social Sciences
Depositing User: Mrs Hannah Akinwumi
Date Deposited: 27 Feb 2018 10:07
Last Modified: 27 Feb 2018 10:07
URI: http://eprints.covenantuniversity.edu.ng/id/eprint/10262

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