Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/167755
Authors: 
Iheanacho, Eugene
Year of Publication: 
2016
Citation: 
[Journal:] Economies [ISSN:] 2227-7099 [Volume:] 4 [Year:] 2016 [Issue:] 4 [Pages:] 1-12
Abstract: 
This study empirically examines the relationship between financial intermediary development and economic growth in Nigeria over the period 1981-2011 using the auto-regressive distributed lag (ARDL) approach to co-integration analysis. The results show that the relationship between financial development and economic growth in Nigeria is not significantly different from what has been observed generally in oil-dependent economies. The relationship between financial intermediary development and economic growth in Nigeria is found to be insignificantly negative in the long-run and significantly negative in the short-run. The results highlight the dominant role of the oil sector in economic activities in Nigeria.
Subjects: 
financial development
economic growth
oil price
oil-dependent economies
Nigeria
ARDL
JEL: 
G20
O11
Q32
Persistent Identifier of the first edition: 
Creative Commons License: 
http://creativecommons.org/licenses/by/4.0/
Document Type: 
Article

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