文章基本信息

标题：Financial Sector Development and Economic Growth in Nigeria: An Empirical Investigation
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作者：Garba Salisu Balago ; Garba Salisu Balago
期刊名称：International Journal of Finance and Accounting
印刷版ISSN：2168-4812
电子版ISSN：2168-4820
出版年度：2014
卷号：3
期号：4
页码：253-265
DOI：10.5923/j.ijfa.20140304.05
语种：English
出版社：Scientific & Academic Publishing Co.
摘要：The study examines the relationship between Financial Sector Development and Economic Growth in Nigeria. Time series data from 1990-2009 were fitted into the regression equation using various econometric techniques such as Augmented Dickey Fuller (ADF) test, Johansen Multivariate Co-integration Test, Ordinary Least Square Regression and Vector Error Correction Model (VEC). The result shows that development in financial sector variables viz: banking sector credits, total market capitalization and foreign direct investment positively affect economic growth variables – Real Gross Domestic Product. This result is consistent with a number of earlier studies reviewed in the literature that found financial sector variables to positively affect real gross domestic product.
关键词：Banking Credits; Market Capitalization; Foreign Direct Investment; Gross Domestic Product (GDP)