The Impact of Financial Development on Economic Growth in Nigeria: An ARDL Analysis

被引：16
|
作者：
Iheanacho, Eugene [1 ]
机构：
[1] Abia State Univ, Dept Econ, PMB 2000, Uturu, Nigeria
来源：
ECONOMIES | 2016年 / 4卷 / 04期
关键词：
financial development; economic growth; oil price; oil-dependent economies; Nigeria; ARDL;
D O I：
10.3390/economies4040026
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
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.
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页数：12
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