An Analysis of the Finance Growth Nexus in Nigeria

Master Thesis

2021

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http://hdl.handle.net/11427/33430
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thesis_com_2021_chetty roheen.pdf (1.26 MB)
Authors
Chetty, Roheen
Supervisors
Nikolaidou, Eftychia
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School of Economics
Faculty
Faculty of Commerce
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Abstract
This study empirically examines the relationship between financial development and economic growth in Nigeria. It employs statistical techniques such as the Autoregressive Distributed Lag approach as well as a short and long run Granger Causality test on time series data spanning from 1960-2016. Empirical results reveal that the financial development indicators have a long run relationship with economic growth in Nigeria and the existence of unidirectional and bidirectional Granger causality was also discovered. This study recommends that policy should be geared towards promoting financial development in the country as well as encouraging more financial depth and openness – in order to foster economic growth in Nigeria.
Description
Keywords
finance growth nexus
financial development
economic growth
Autoregressive Distributed Lag approach
Granger Causality

Reference:

Chetty, R. 2021. An Analysis of the Finance Growth Nexus in Nigeria. . ,Faculty of Commerce ,School of Economics. http://hdl.handle.net/11427/33430

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