Record Details

Interaction Between Real And Financial Sectors In Nigeria: A Causality Test

Journal of Economics and Sustainable Development

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Title Interaction Between Real And Financial Sectors In Nigeria: A Causality Test
 
Creator Adaramola, Anthony Olugbenga
Taiwo, Owoeye
 
Description This study investigates the interrelationship between industrial productivity and money supply as proxies for the real and financial sectors by testing for causality under a Vector Auto-Regression (VAR) structure. In the study, it was revealed that Nigeria over the 35-year period between 1970 and 2005 like many other LDC's has a unidirectional causality running from the financial sector to the real sector growth. This indicates that the country still operates in the short-run and to take advantage of long-run changes, such variables as technology and factor productivity should to be taken into cognizance.
 
Publisher The International Institute for Science, Technology and Education (IISTE)
 
Date 2011-10-01
 
Type info:eu-repo/semantics/article
Peer-reviewed Article
info:eu-repo/semantics/publishedVersion
 
Format application/pdf
 
Identifier http://iiste.org/Journals/index.php/JEDS/article/view/338
 
Source Journal of Economics and Sustainable Development; Vol 2, No 4 (2011); 9-19
 
Language eng
 
Relation http://iiste.org/Journals/index.php/JEDS/article/view/338/227
 
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