Record Details

Influence of Bank Credits on the Nigerian Economy

American Economic & Social Review

View Archive Info
 
 
Field Value
 
Title Influence of Bank Credits on the Nigerian Economy
 
Creator Innocent, Idachaba Odekina
Ademola, Olukotun G.
Glory, Elam Wunako
 
Description 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.
 
Publisher Centre for Research on Islamic Banking & Finance and Business
 
Date 2019-03-25
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
 
Format application/pdf
text/xml
text/html
application/octet-stream
 
Identifier https://www.cribfb.com/journal/index.php/aesr/article/view/240
10.46281/aesr.v5i1.240
 
Source American Economic & Social Review; Vol 5 No 1 (2019): American Economic & Social Review; 1-9
2576-1277
2576-1269
 
Language eng
 
Relation https://www.cribfb.com/journal/index.php/aesr/article/view/240/289
https://www.cribfb.com/journal/index.php/aesr/article/view/240/290
https://www.cribfb.com/journal/index.php/aesr/article/view/240/291
https://www.cribfb.com/journal/index.php/aesr/article/view/240/292
 
Rights Copyright (c) 2019 Idachaba Odekina Innocent,Olukotun G. Ademola,Elam Wunako Glory
http://creativecommons.org/licenses/by/4.0