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The Influence of Financial Sector Development and Financial Deepening on Economic Growth: Empirical evidence from Nigeria
| Content Provider | Semantic Scholar |
|---|---|
| Author | Ohiomu, Sylvester Oligbi, Blessing O. |
| Copyright Year | 2020 |
| Abstract | The study examined the influence of financial sector development, financial deepening on economic growth: Empirical evidence from Nigeria (1981-2018). The study used ARDL model for the analysis for robust policy recommendations. The results showed that the financial sector development indicators have long run relationship with economic growth. Capital market indicator has direct relationship with economic growth rate. The ratio of total savings to gross domestic product and insurance indicator exhibit similar characteristics. This study recommends that the Government should re-engineer the insurance sub-sector and reinvigorate the money and capital markets for optimal development to accelerate financial development and economic growth. |
| File Format | PDF HTM / HTML |
| Alternate Webpage(s) | http://iosrjournals.org/iosr-jef/papers/Vol11-Issue1/Series-1/G1101015867.pdf |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |