financial sector reforms and economic growth in nigeria

... service sector growth in India to be: income elasticity of demand, open policies and the growth in the service sectors like com-munications, business, banking and insurance and trade services Gabriele ... 2005 and 2013 The growth rate in-creased from 4.2% in 2012 to 5.5% in 2013 In addition, the Nigerian economy is ranked 26th in the world in terms of GDP (nominal: 30th in 2013 before rebasing, ... Hence, increasing services export sophistication may be an additional channel for sustained high growth in Nigeria In view of the changes in the nature of vices and its growing importance in the growth

Ngày tải lên: 16/01/2020, 11:41

... consumption and economic growth in Nigeria: A multivariate investigation International Journal of Economics, Finance and Management, 3(4), 177-182. Alimi, N (2016), Volatility and growth in developing ... that contrary to economic expectation, economic growth is not responding rapidly to the dynamics of energy consumption in Nigeria This finding is quite interesting bearing in mind the results ... consumption in driving growth in Nigeria remained muted both in the short-run and long-short-run However, the results indicate that energy consumption is positively related to economic growth in the

Ngày tải lên: 15/05/2020, 02:00

... that financial development is closely linked with economic growth Anwar and Nguyen (2009) examined the link between financial development and economic growth by using a panel data covering 61 ... financial sector had an essential role for technological innovation and economic growth In 1980s, endogenous growth models underlined the role of financial development for long-run economic growth ... of evidence in specific countries Ljungwall and Li (2007) investigated whether the development of financial sector is the factor in the link between FDI and economic growth in China They applied

Ngày tải lên: 07/04/2017, 15:33

... four components including financial institutions, financial markets, financial instruments and financial infrastructure Among financial intermediaries, commercial banks are dominant in most countries ... as Philippines And they also have better financial systems than Vietnam including well functioned financial markets, sound financial institutions, diversified financial instruments and fully ... individual investors instead of financial intermediaries In order to reduce such costs, individual investors join each other and undertake the role of providing information for others like financial

Ngày tải lên: 07/12/2018, 00:07

... resulting in both financial and economic growth 2.1.3 Financial market liberalization McKinnon (1973) and Shaw (1973) viewed financial market liberalization as removing legal controls over the financial ... liberalize the financial sector by removing controls over interest rates and credit, allowing free access to financial markets, and particularly, in the branch of finance and banking, granting autonomy ... on economic growth in such a developing country as Vietnam and, in addition, clarify the role of the liberalization process in stimulating growth, increasing wage, and improving people’s living

Ngày tải lên: 04/02/2020, 20:39

... expand their productions and hence the demand for financial intermediate services will increase This increasing in demand for financial services will in turn induce the expansion of the financial ... have incorporated financial activities in explaining economic growth The notably models in this strand are introduced in Greenwood and Jovanovic (1990), Bencivenga and Smith (1991), King and Levine ... KEY CONCEPTS Economic Growth Perkins et al (2006) defines economic growth as the increase in income per capita and the increase in production of goods and services in a country In other words,

Ngày tải lên: 31/12/2020, 06:51

... believe including non-bank financial institutions can contribute to our understanding of economic Trang 9finan-growth in China as non-bank financial institutions serve as an important financing channel ... on the finance and growth issue in China from new perspectives Unlike previous studies, we link financial reforms, financial develop-ment, and growth In addition, non-bank financial institutions, ... development and growth should reveal the role of financial reforms in enhancing fi-nance and promoting growth Most non-bank financial institutions in China limit their operations to a single ince, while

Ngày tải lên: 22/03/2023, 01:39

... leveraging financial innovations, promoting savings for investment, and increasing overall investment, financial development plays a pivotal role in supporting and accelerating economic growth.Numerous ... Ezema (2021), involves enhancing funding mechanisms, refining financial institution operations, innovating financial products, and improving the effectiveness of financial intermediary services Slesman ... improving trading and risk management strategies, mobilizing and pooling savings, and facilitating the exchange of goods and services.Financial development, as defined by Okoye and Ezema (2021), involves

Ngày tải lên: 14/03/2025, 15:08

... Factors Chain International FIRST Financial Sector Strengthening Initiative FSAP Financial Sector Assessment Program FSS Financial Self-Sufficiency GAFI General Authority for Free Zones and Investment ... efficiency and liquidity, restructuring and liberalizing the insurance sector, developing the mortgage market, and reviving the role of other non-bank financial services and instruments, including leasing, ... Sources 86 A Enhancing the Role of the Banking Sector in Financial Intermediation 95 B Expanding the Postal System and Microfinance Institutions 101 C Promoting Capital Markets in the Access Agenda

Ngày tải lên: 15/03/2014, 09:20

... in India In addition, Masih and Masih (1996, 1997) found the existence of cointegration between energy and GDP in India, Pakistan and Indonesia, but non-cointegration in Malaysia, Singapore and ... The test results indicated a uni-directional causality running from energy to income in India and Indonesia, and a bi-directional causality in Thailand and the Philippines Aqeel and Butt (2001) ... consumption and GDP Asafu-Adjaye (2000) tested the causal relationship between energy use and income in four Asian countries (including India, Indonesia, Thailand and the Philippines) using the ECM

Ngày tải lên: 27/05/2014, 22:53

... positiverelationship between growth in the agricultural sector and growth in the nonagriculturalsector between 1965 and 1980 (see Figure 2) This c1ear and positive associationbetween growth in the two sectors does ... construction, and labor-intensive manufacturing In Indonesia,for example, the rice sector on Java and the treecrop sector off-Java have beeninstrumental in generating dynamic rural economies which have increased ... Taiwan and Thailand, the indicative-planned economies of Indonesia and India, andthe socialist economies of China and Vietnam have used their agricultural sectors asimportant sources of growth

Ngày tải lên: 06/07/2014, 22:20

... contributes to improving economic growth in Vietnam, increasing efficiency in utilizing domestic investment resources; assisting the economic restructuring process towards industrialization and modernization; ... improving economic growth in Vietnam, the government must have FDI attraction policies in the direction of: investing in education and training, enhancing the labour force quality, stimulate saving ... stimulate saving and investment, accelerating the process of global economic integration; implementing FDI incentives in the manufacturing sector, promoting the development of supporting industries

Ngày tải lên: 30/12/2014, 21:57

... in archivingpriority for lending or in building relationship with banks and financial institutions Theyare lacking of financial resources to invest in large projects, expand the business, attract ... role in the economicgrowth and development, especially in aspects of creating jobs, labor income, economicstructural changes through developing new industrial bases and/or supporting industries,and ... diminishing effect of SME on the economicgrowth and used the (SME)2 to demonstrate the possible non – linear influence andassuming that an increase in SME would lead to a positive economic growth

Ngày tải lên: 05/03/2015, 09:08

... Literature Review With increasing interest in economic growth and development, there is a growing body of empirical and theoretical literature that analyzes the impact of FDI on economic growth Many empirical ... growth and its correlation with the inflow of FDI Through looking at some countries in Asia, this paper examines similarities and differences in magnitude of impact and causality of FDI inflow and ... role of FDI in economic growth However, by focusing on the Newly Industrialized Economies (NIEs) in the Asian region, reassessment of the relations and causality between FDI and economic growth has

Ngày tải lên: 14/05/2015, 14:22

... building institutions, maintaining favorable external economic policies tend to increase R&D and to maintain higher growth According to the findings of the thesis, government institutions and ... and 2SLS 31 Table 4.1: Modeling Economic Growth by LSDV and GLS 61 Table 4.2: Modeling Economic Growth by LSDV and GLS 62 Table 4.3: Modeling Economic Growth by LSDV and GLS Table 4.4: Modeling ... investment in infrastructure, external openness, and government institutions are important determinants of FDI inflows into developing economies These findings indicate that the overall incentive

Ngày tải lên: 16/09/2015, 15:55

... increasing in its capital, thus creating a tradeoff between investment in capital and capital-intensity In Zuleta and Young (2007), however, both the investment in capital deepening, and the investment ... to introduce a series of regulations and interventions in international trade, the financial sector, the Trang 5labor market, and so on so as to mobilize resources for setting up and supporting ... traditional sector and the modern sector implies that either the traditional sector or the modern sector will be trivial compared to the other sector in infinite horizon 12 Please see Lin and Zhang

Ngày tải lên: 21/04/2016, 07:30

... translated into action The launch events included advoca- cy training for women entrepreneurs and a subregional training event on gender and economics Following the launch, the findings of Gender and Economic ... Wealth and Employment Creation 2003–2007 FIAS Foreign Investment and Advisory Service FSDT Financial Sector Deepening Trust FLSTAP Financial and Legal Sector Technical Assistance Project Acronyms and ... GDP growth target. This report finds that eliminating gender-based inequalities in educationand access to agricultural inputs could result in a one-off increase in asmuch as 4.3 percentage points

Ngày tải lên: 23/04/2016, 04:57

... problem in developing countries in general and in SSA in particular; revises the theoretical explanations regarding the impact of external debt on economic growth; and summarizes the findings of ... pursued inappropriate fiscal and trade policies accompanied by acceleration of borrowing and excessive goverrunent spending High income inequality and severe political instability mainly in Latin ... be in control in the future and results in a political turbulence and risk that leads to capital flight and excessive Trang 22government borrowing, which in turn slows down growth in developing

Ngày tải lên: 15/07/2016, 09:25

... Canning, Linlin Hu, Yuanli Liu, Ajay Mahal, and Winnie Yip, ‘The Contribution of Population Health and Demographic Change to Economic Growth in China and India’, Journal of Comparative Economics, ... Aging and Economic Growth& quot;, forthcoming in Spence, Michael, and Danny Leipziger (eds.), Global Challenges and Growth, Commission on Growth and Development. 2 reason to think that increasing ... significant slowing in economic growth; other things equal, rapid growth is typically fastest at lower levels of income. China has made considerable gains, and its economic growth is likely...

Ngày tải lên: 13/02/2014, 18:20

... the financial sector has been on deepening and broadening financial markets in developing countries and on improving financial sector regulation, supervision, and governance. The increasing ... of Economics and Financial Issues, Vol. 2, No.3, 2012, pp.357-372 358 financing in developing economies. In Nigeria, banks are the largest financial intermediaries in the economy. Financial ... deepening enhances increase in volume of all monies in circulation in the economy. Efficient financial intermediation will increase financial deepening. Effective financial deepening (which is also...

Ngày tải lên: 06/03/2014, 10:20