标题:
Financial Development, Export and Economic Growth in Nigeria
作者:
Ismaila Ahmed Sajo, Bin Li
关键词:
Financial Development, Export Structure, Economic Growth and Nigeria
期刊名称:
Theoretical Economics Letters,
Vol.7 No.7,
December
27,
2017
摘要: This paper examines the relationship among Financial
Development, Export and Economic growth in Nigeria. The ADF and PP test are used
in checking the order of integration of the variables and Johasen co-integration
methodology is employed to investigate the long run relationship among the variables.
Time series data were collected between 1994 and 2013. The direction of causality
between variables is tested by Granger causality test and Ordinary least square
(OLS). Econometric techniques were used to estimate the model. Evidence from the
study found that exports and transportation development has a positive significant
effect and influence in economic growth. While financial development, international
trade structure and energy sector has a negative effect on economic growth. The
study recommends that government should continue to intensify its efforts in promoting confidence of the public on such sectors, transform energy
sectors through adequate and effective regulation and supervision; the reforms in
the financial sector should be sustained so as to be able to channel more resources
for investment and productive purposes.