IMPACT OF FINANCIAL DEEPENING ON ECONOMIC GROWTH OF NIGERIA

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dc.contributor.authorYahaya, Khadijat
dc.contributor.authorKolapo, Mariam Biodun
dc.date.accessioned2021-10-12T10:54:53Z
dc.date.available2021-10-12T10:54:53Z
dc.date.issued2018
dc.description.abstractThe financial sector has been found to promote economic growth by increasing economic efficiency, investment and financial deepening. Financial deepening refers to achieving a greater penetration of financial services to all levels of society. This study examined the impact of financial deepening on economic growth in Nigeria. It employs secondary data from the Central Bank of Nigeria Bulletin 2015. Error correction model and regression analysis was used. The findings revealed that banking sector and capital market related financial deepening variables are significant determinants of economic growth in Nigeria with coefficient value of 4.6015 and 3.28E-09 at 5% significant level respectively. The study concluded that financial deepening promotes economic growth in Nigeria. The study recommended that policy holders should implement the financial inclusion policies that increases the flow of investible funds and improves the capacity of banks to extend credit to the economy.en_US
dc.identifier.issn2141-3827
dc.identifier.urihttps://uilspace.unilorin.edu.ng/handle/20.500.12484/6579
dc.language.isoenen_US
dc.publisherUniversity of Ilorin, Ilorin, Nigeriaen_US
dc.relation.ispartofseries21;1
dc.subjectEconomicen_US
dc.subjectFinancial deepeningen_US
dc.subjectinclusionen_US
dc.subjectgrowthen_US
dc.titleIMPACT OF FINANCIAL DEEPENING ON ECONOMIC GROWTH OF NIGERIAen_US
dc.typeArticleen_US

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