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Discount Houses, Money Market and Economic Growth in Nigeria (1992-2007)

Ikpefan, Ochei Ailemen and Osabuohien, E. S. C. Discount Houses, Money Market and Economic Growth in Nigeria (1992-2007). Economic Insights – Trends and Challenges, (LXIV). pp. 19-30.

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Abstract

This study investigates the interactions between discount houses, money market instruments and economic growth in Nigeria. The study captured their performance indicators and employed time series data obtained from Central Bank of Nigeria. Employing cointegration and vector error correction techniques, it was established, among others, that a long-run relationship exists between discount houses operations and economic growth on one hand and money market instruments, on the other. This implies that discount houses can serve as a veritable stimulant in Nigeria especially in this era of global economic melt-down that is biting hard on the Nigerian stock market

Item Type: Article
Uncontrolled Keywords: discount houses, economic growth, global economic melt-down, money market
Subjects: H Social Sciences > HB Economic Theory
Divisions: Faculty of Law, Arts and Social Sciences > School of Social Sciences
Depositing User: Mrs Patricia Nwokealisi
Date Deposited: 29 Mar 2015 18:10
Last Modified: 29 Mar 2015 18:10
URI: http://eprints.covenantuniversity.edu.ng/id/eprint/4402

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