Financial Intermediation and Economic Performance in Nigeria: An ARDL Approach

Nwonye, Nnenna Georgina and ANOWOR, OLUCHUKWU F and UZOMBA, Peter Chika and ABU, Aminu and CHIKWENDU, Nneka Francisca and Ojiogu, Michael C and EDEH, Charles Chinonso (2020) Financial Intermediation and Economic Performance in Nigeria: An ARDL Approach. International Journal of Advanced Science and Technology, 29 (7). pp. 8353-8361. ISSN 8353-8361

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The persistence of frictions and imbalances and the role finance plays to even out instabilities necessitates financial intermediation. Consequently, attentions of scholars are drawn on how it sways economic growth but it appears there is this begging for answers on how the intermediations could influence economic performance beyond economic growth. This paper adopting Auto-Regressive Distributed Lag bounds testing approach reflected on financial intermediation in an attempt to assess how it has affected economic performance (proxied by output per capita). The empirical results denoted that funds to the private sector are trapped in the incessant risks prevalent in developing economies; the implication is that any increase in per capita output could have emanated from seldom-productive sources like sales of natural resources that rarely have intersectoral links. The study thus recommends that there should be a consistent fight from the demand and supply side plus political approach to ensure adequate monitoring.

Item Type: Article
Subjects: H Social Sciences > HC Economic History and Conditions
Divisions: Faculty of Natural and Applied Sciences
Depositing User: mrs chioma hannah
Date Deposited: 24 Nov 2020 14:30
Last Modified: 24 Nov 2020 14:30

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