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Leasing and Economic Development: An Empirical Evaluation of Nigerian Leasing

Okafor, Chinwuba A. and Arowoshegbe, A. O. (2009) Leasing and Economic Development: An Empirical Evaluation of Nigerian Leasing. Indian Journal of Multidisciplinary Research, 5 (3). 411 -422. ISSN 0973-2225

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Abstract

Leasing, which started in Nigeria in the 1960s, has been an alternative source of finance for individual and companies. Consequently, over the years, leasing business has grown both in volume of transaction and the number of companies involved in leasing transaction has increased. Therefore, this paper empirically evaluated the relationships between leasing and economic development. The paper clearly established, using the ordinary least square (OLS), a positive relationship between leasing and economic development. It was therefore recommended that both Equipment Leasing Association of Nigeria (ELAN) and the Nigerian government should encourage and provide an enabling environment for leasing.

Item Type: Article
Uncontrolled Keywords: Equipment Leasing, Economic Development, Gross Domestic Product
Subjects: H Social Sciences > HF Commerce > HF5601 Accounting
Divisions: Faculty of Law, Arts and Social Sciences > School of Management
Depositing User: Mr Solomon Bayoko
Date Deposited: 07 Oct 2014 11:40
Last Modified: 07 Oct 2014 11:40
URI: http://eprints.covenantuniversity.edu.ng/id/eprint/2805

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