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Does Financial Deregulation Spurs Economic Development in Nigeria?

Isibor, Areghan Akhanolu and Ojo, J. and Ikpefan, Ochei Ailemen (2017) Does Financial Deregulation Spurs Economic Development in Nigeria? Journal of Applied Economic Sciences, 8 (54). pp. 2339-2350. ISSN L 1843 - 6110 ISSN 2393 - 5162

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Abstract

The problem of low investment caused by mismanagement of the financial deregulation process is a worrisome issue that needs to be addressed. Data spanning 46 years from 1970 to 2016 and which are relevant to variables of study like gross fixed capital formation, etc were gathered from secondary sources and analyzed using the Auto-Regressive Distribution Lag model. The result showed that both financial deregulation and investment growth have a long-term but negative significant impact on economic development. The paper recommends amongst others that the deregulation process needs to be properly sequenced into the financial system

Item Type: Article
Uncontrolled Keywords: financial deregulation; gross fixed capital formation; economic development
Subjects: H Social Sciences > HB Economic Theory
H Social Sciences > HG Finance
Divisions: Faculty of Law, Arts and Social Sciences > School of Social Sciences
Depositing User: Mrs Patricia Nwokealisi
Date Deposited: 21 Mar 2018 10:17
Last Modified: 21 Mar 2018 10:17
URI: http://eprints.covenantuniversity.edu.ng/id/eprint/10453

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