Influence of Bank Credits on the Nigerian Economy

Autor:	Idachaba Odekina Innocent, Olukotun G. Ademola, Elam Wunako Glory
Rok vydání:	2019
Předmět:	Product (business) Environmental Engineering Economy Unit root test business.industry Public sector Regression analysis Business Time series Private sector Proxy (statistics) Financial market efficiency Industrial and Manufacturing Engineering
Zdroj:	American Economic & Social Review. 5:1-9
ISSN:	2576-1277 2576-1269
Popis:	The aim of this study is to examine the influence of bank credits on the Nigerian economy using time series data covering the period from 1980 to 2017.Gross domestic product was used as proxy for the economy while credits to the private sector, public sector and prime lending rate were used as proxies of Banks credits. Unit root test was used to test stationary which reveals that all the variables were stationary at first difference. The regression analysis result shows that credit to the private sector have positive effect on Nigerian economy while credit to public sector and prime lending rate have negative effect on the Nigerian economy. The result of co-integration test presented reveals that there exist among the variables co-integration which means long-run analysis. It is recommended that, policy makers should focus attention on long-run policies to promote economic growth such as development of modern banking sector, efficient financial market, infrastructures.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::0d0a8a06705f21e39a4c6bdd5f13b449 https://doi.org/10.46281/aesr.v5i1.240 Zobrazit plný text záznamu