Artikel
Banking sector credit and economic growth in Nigeria: An empirical investigation
The paper examines the relationship between banking sector credit and economic growth in Nigeria over the period 1970-2008. The causal links between the pairs of variables of interest were established using Granger causality test while a Two-Stage Least Squares (TSLS) estimation technique was used for the regression models. The results of Granger causality test show evidence of unidirectional causal relationship from GDP to private sector credit (PSC) and from industrial production index (IND) to GDP Estimated regression models indicate that private sector credit impacts positively on economic growth over the period of coverage in this study. However, lending (interest) rate impedes economic growth. Over and above, the paper recommends the need for more financial market development that favours more credit to the private sector with minimal interest rate to stimulate economic growth.
- Sprache
-
Englisch
- Erschienen in
-
Journal: CBN Journal of Applied Statistics ; ISSN: 2476-8472 ; Volume: 02 ; Year: 2011 ; Issue: 2 ; Pages: 51-62 ; Abuja: The Central Bank of Nigeria
Klassifikation
Wirtschaft
Econometrics
Multiple or Simultaneous Equation Models: Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes; State Space Models
Economic Development: Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
Financial Forecasting and Simulation
Banks; Depository Institutions; Micro Finance Institutions; Mortgages
Financial Institutions and Services: Government Policy and Regulation
Econometrics
Multiple or Simultaneous Equation Models: Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes; State Space Models
Economic Development: Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
Financial Forecasting and Simulation
Banks; Depository Institutions; Micro Finance Institutions; Mortgages
Financial Institutions and Services: Government Policy and Regulation
Thema
Bank credit
Economic Growth
Two-Stage Least Squares (TSLS)
Economic Growth
Two-Stage Least Squares (TSLS)
Ereignis
Geistige Schöpfung
(wer)
Akpansung, Aniekan O.
Babalola, Sikiru Jimoh
Babalola, Sikiru Jimoh
Ereignis
Veröffentlichung
(wer)
The Central Bank of Nigeria
(wo)
Abuja
(wann)
2011
- Handle
- Letzte Aktualisierung
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12.07.2024, 13:22 MESZ
Objekttyp
- Artikel
Beteiligte
- Akpansung, Aniekan O.
- Babalola, Sikiru Jimoh
- The Central Bank of Nigeria
Entstanden
- 2011
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