FINANCIAL SECTOR REFORMS AND ECONOMIC GROWTH: A COMPARATIVE ANALYSIS OF NIGERIA AND CAMEROON

ESANGAYA, MENGOT and Covenant University, Theses (2018) FINANCIAL SECTOR REFORMS AND ECONOMIC GROWTH: A COMPARATIVE ANALYSIS OF NIGERIA AND CAMEROON. Masters thesis, COVENANT UNIVERSITY.

PDF Download (443kB)

Abstract

Financial sector reforms are an essential part of every economic reform package. This reforms involve putting together the liberalization of interest rates, promotion of market-bases system of credit allocation, enhancing competition, and efficiency of the regulatory and supervisory framework. This study seeks to examine the influence of financial sector reforms on economic growth: A comparative analysis of Nigeria and Cameroon. Secondary data was extracted from World development indicators 2016 and the Central Bank of Nigeria Statistical Bulletin 2017 for a period of 35years (1981-2016). The Johansen co-integration tests, the Vector Error Correction Model and Granger causality tests were used to analyse the data based on the various specific objectives. Results revealed that, both in the case of the Cameroonian and Nigerian financial sectors, the economy’s growth had a long run relationship both before and after reforms were introduced to build a more vibrant financial sector. It is therefore recommended that, monetary policies that encourage credit expansion in the country is required for the increase of economic growth in Nigeria. However, in the case of Cameroon, monetary easing is required to increase the supply of money and availability of capital which will drive economic growth

Item Type:	Thesis (Masters)
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:	26 Jun 2020 10:49
Last Modified:	26 Jun 2020 10:49
URI:	http://eprints.covenantuniversity.edu.ng/id/eprint/13421

Actions (login required)

View Item