Does Financial Deregulation Spurs Economic Development in Nigeria?
Does Financial Deregulation Spurs Economic Development in Nigeria?
Author(s): Areghan ISIBOR, Joshua OJO, Ochei IKPEFANSubject(s): Economy, National Economy, Business Economy / Management
Published by: ASERS Publishing
Keywords: financial deregulation; gross fixed capital formation; economic development;
Summary/Abstract: The problem of low investment caused by mismanagement of the financial deregulation process is a worrisome issue that needs to be addressed. Data spanning 46 years from 1970 to 2016 and which are relevant to variables of study like gross fixed capital formation, etc were gathered from secondary sources and analyzed using the Auto-Regressive Distribution Lag model. The result showed that both financial deregulation and investment growth have a long-term but negative significant impact on economic development. The paper recommends amongst others that the deregulation process needs to be properly sequenced into the financial system.
Journal: Journal of Applied Economic Sciences (JAES)
- Issue Year: XII/2017
- Issue No: 54
- Page Range: 2339-2350
- Page Count: 12
- Language: English