Commercial bank credit and economic growth in Nigeria: 1970-1996

From: Finance India | Date: September 1, 2003| Author: | Copyright information

Abstract

The study analyzes the impact of commercial banks' credit on economic growth in Nigeria. In the main, it analyzes the credit policies as well as aggregates of commercial banks in the country from the year 1970 to 1996 in order to ascertain their effects on the economic growth of the country. The basic hypothesis in the research effort is that commercial banks' credit contributes to economic growth in this African ration. Various statistical and econometric methods incorporating properties of time-series data (co-integration techniques) are used in data analysis. The major findings ...

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