ARDL empirical insights on financial intermediation and economic growth in Nigeria

Onwe, Joshua Chukwuma and Adeleye, Bosede Ngozi and Okorie, Williams (2019) ARDL empirical insights on financial intermediation and economic growth in Nigeria. Issues in Business Management and Economics, 7 (1). pp. 14-20.

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Abstract

This paper investigates the financial intermediation and economic growth relation in Nigeria using the autoregressive distributed lag(ARDL) approachfrom 1985 to 2016 and finds a stable long-run relationship amongst the variables. The results also show that there is a statistically significant positive short-run and long-run relationship between financial intermediation and economic growth. The study therefore recommends that monetary and regulatory authorities should formulate policies aimed at improving financial intermediation process by expending the scope of credits and deposits in financial institutions which in turn promote financial responsiveness that can positively stimulate growth of the economy.

Item Type:	Article
Uncontrolled Keywords:	Financial intermediation, financial system, economic growth
Subjects:	H Social Sciences > H Social Sciences (General) H Social Sciences > HB Economic Theory
Divisions:	Faculty of Law, Arts and Social Sciences > School of Social Sciences
Depositing User:	Mrs Hannah Akinwumi
Date Deposited:	27 May 2021 14:44
Last Modified:	27 May 2021 14:44
URI:	http://eprints.covenantuniversity.edu.ng/id/eprint/14186

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