The Nexus between Financial Inclusion and Economic Growth: Evidence from Nigeria

NWAFOR, Michael C (2018) The Nexus between Financial Inclusion and Economic Growth: Evidence from Nigeria. International Journal of Science and Innovation in Social Science, 2 (4). ISSN 2454-2186

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Abstract

This research work focused on the relationship between financial inclusion and economic growth in Nigeria. Two hypotheses were formulated, corresponding data (spanning from 2001 to 2016) were obtained and tested using Two-staged Least Squares Regression Method. Findings revealed that financial inclusion have significant impact on economic growth in Nigeria and that financial industry intermediation have not influenced financial inclusion within the period under review. It was recommended that Nigerian banks should develop financial products to reach the financially excluded regions of the country as this will increase GDP per capital of Nigeria and consequently economic growth. Keywords: Financial Inclusion; Economic Growth; Financial Intermediation;

Item Type: Article
Subjects: H Social Sciences > H Social Sciences (General)
L Education > L Education (General)
Divisions: Faculty of Management and Social Sciences
Depositing User: GOUNI ICT
Date Deposited: 06 Jun 2018 04:50
Last Modified: 06 Jun 2018 04:50
URI: http://eprints.gouni.edu.ng/id/eprint/236

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