An Analysis of the Finance Growth Nexus in Nigeria

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.

Grantor

School of Economics

Year dc:date.issued

2021

Author dc:creator

• Chetty, Roheen

Advisor dc:contributor.advisor

• Nikolaidou, Eftychia

• finance growth nexus
• financial development
• economic growth
• Autoregressive Distributed Lag approach
• Granger Causality

Handle dc:identifier.uri

http://hdl.handle.net/11427/33430

OAI identifier oai:identifier

oai:open.uct.ac.za:11427/33430