International Journal of Science and Research (IJSR)

International Journal of Science and Research (IJSR)
www.ijsr.net | Most Trusted Research Journal Since Year 2012

ISSN: 2319-7064

Research Paper | Finance | Nigeria | Volume 6 Issue 11, November 2017

Economic Impact of Financial Deepening in Nigeria

Michael Chukwunaekwu Nwafor, Aremu Israel Yomi

This research work focused on the economic impact of financial deepening in Nigeria. Obtained data spanning from 1997 to 2016 was presented and analysed in a line chart and with Two-staged Least Squares Regression method respectively. After subjecting the hypothesis under testing, result showed that financial deepening has significant impact on economic growth. Observations from data presentation also revealed that financial deepening has been increasing marginally. It was recommended that the tightened access to credit facilities in the country should be loosened up so as to ensure increased financial deepening.

Keywords: Financial Deepening, Financial System, Economic Growth

Edition: Volume 6 Issue 11, November 2017

Pages: 1156 - 1161


How to Cite this Article?

Michael Chukwunaekwu Nwafor, Aremu Israel Yomi, "Economic Impact of Financial Deepening in Nigeria", International Journal of Science and Research (IJSR), https://www.ijsr.net/search_index_results_paperid.php?id=ART20178118, Volume 6 Issue 11, November 2017, 1156 - 1161

13 PDF Views | 17 PDF Downloads

Download Article PDF



Similar Articles with Keyword 'Financial System'

Research Paper, Finance, Nigeria, Volume 6 Issue 11, November 2017

Pages: 1156 - 1161

Economic Impact of Financial Deepening in Nigeria

Michael Chukwunaekwu Nwafor, Aremu Israel Yomi

Share this article

Informative Article, Finance, India, Volume 6 Issue 3, March 2017

Pages: 1298 - 1302

Role of Indian Primary Market in Mobilization of Resources

Jenica.S

Share this article

Research Paper, Finance, China, Volume 7 Issue 7, July 2018

Pages: 246 - 249

Xi'an Construction of New Silk Road Central Asia Industrial Park Counter Measures

Zhe Wang; Jianjun Zhang

Share this article

Research Paper, Finance, Rwanda, Volume 7 Issue 11, November 2018

Pages: 134 - 140

Effects of Electronic Finance on Performance of Government Financial Institutions in Rwanda: A Case Study of Rwanda Social Security Board

Irambona Angelique, Dr. Patrick Mulyungi

Share this article

Similar Articles with Keyword 'Economic Growth'

Research Paper, Finance, Nigeria, Volume 6 Issue 11, November 2017

Pages: 1156 - 1161

Economic Impact of Financial Deepening in Nigeria

Michael Chukwunaekwu Nwafor, Aremu Israel Yomi

Share this article

Research Paper, Finance, China, Volume 7 Issue 9, September 2018

Pages: 379 - 382

Research on the Impact of Internet Finance on Rural Economic Growth

Xiaoqing Sun

Share this article

Informative Article, Finance, India, Volume 6 Issue 3, March 2017

Pages: 1298 - 1302

Role of Indian Primary Market in Mobilization of Resources

Jenica.S

Share this article

Research Paper, Finance, China, Volume 6 Issue 11, November 2017

Pages: 1944 - 1947

Research on Non - Performing Loans of China Rural Commercial Bank

Tao-Wang, Xinya-Liu

Share this article

Research Paper, Finance, China, Volume 7 Issue 6, June 2018

Pages: 1079 - 1082

Vietnam's Economic Growth Influenced by Export-Oriented Economy

Shang Yuan

Share this article

Top