FINANCIAL INTEGRATION AND ECONOMIC GROWTH IN NIGERIA
- Project Research
- 1-5 Chapters
- Abstract : Available
- Table of Content: Available
- Reference Style: APA
- Recommended for : Student Researchers
- NGN 3000
ABSTRACT
This study investigated the effect of financial integration on economic growth in Nigeria from 1986 to 2020. In this study, financial integration variables such as foreign direct investment inflow, foreign portfolio investment inflow, trade openness, financial deepening, foreign remittances and official development assistance were employed as the independent variables, while real gross domestic product was used as the dependent variable. Six research questions and six hypotheses were formulated. Relevant conceptual, theoretical and empirical literatures were reviewed. The study was anchored on theory of financial liberalization and endogenous growth theory. These theories were adopted because they are germane in explaining the relationship between financial intermediation and economic growth. The study adopted longitudinal research design. Data were sourced on these variables from the Central Bank of Nigeria Statistical Bulletin, 2020 and World Development Indicators. Descriptive statistics, Augmented Dickey Fuller unit root test, Johansen Cointegration Test and Error Correction Mechanism (ECM) were employed in analyzing the data. The analysis was done with the aid of e-view version 9.0. The study found that foreign direct investment, foreign portfolio investment inflow, trade openness, financial deepening and official development assistance have significant effect on economic growth while foreign remittances have no significant effect on economic growth in Nigeria. The study concludes that financial integration has significant positive impact on economic growth in Nigeria. The study recommended amongst others that government needs to put in place appropriate macroeconomic policies and institutions that will drive the benefits of financial integration in order to sustain economic growth and development.
Related Project Materials
THE IMPACT OF RECRUITMENT PROCESS OUTSOURCING ON ORGANIZATIONAL EFFICIENCY
Abstract THE IMPACT OF RECRUITMENT PROCESS OUTSOURCING ON ORGANIZATIONAL EFFICIENCY
The objective of this study is to examine the i...
IMPACT OF CUISENAIRE-ROD STRATEGY ON REMEDIATING ERRORS IN ADDITION AND SUBTRACTION AMONG PRIMARY SCHOOL PUPILS, IN LERE LOCAL GOVERNMENT AREA KADUNA,NIGERIA
ABSTRACT
This study investigated the impact of Cuisenaire rods strategy on remediating errors in addition and subtraction of numbers amon...
ELEMENTAL AND RADIOLOGICAL ANALYSES OF SELECTED INORGANIC AND ORGANIC FERTILIZERS IN NIGERIA
ABSTRACT
The research consists of investigating the possible presence and concentrations of heavy metals and the concentration of natural...
STAFF MOTIVATIONAL STRATEGIES AS A TOOL TO IMPROVE QUALITATIVE EDUCATION
ABSTRACT
Motivational strategies are ways by which management of an organization exploits to arouse their workers be...
THE ROLE OF AUDITORS IN A DEPRESSED ECONOMY (A CASE STUDY OF SELECTED BANKS)
EXCERPT FROM THE STUDY
The American Accounting Association (AAA) defines auditing as systematic process of objectivity o...
A PHILOSOPHICAL ANALYSIS OF THE CONCEPTS OF RESPECT AND COOPERATION IN NIGERIA’S CIVIC EDUCATION CURRICULUM
ABSTRACT
Respect and cooperation are concepts of social values that accord dignity, honour to others and ensure collaboration to achieve...
EFFECTIVE COMMUNICATION AS A TOOL FOR GOOD MANAGEMENT
INTRODUCTION
The term communication means different things to different people. Some can expand its mea...
THE ROLE OF EXTERNAL AUDITORS ON FINANCIAL ACCOUNTABILITY OF MANAGERS IN NIGERIA ORGANIZATIONS (A CASE STUDY OF UNION BANK OF NIGERIA PLC. AKWA BRANCH)
ABSTRACT
This study was carried out to examine the the role of external auditors on financial accou...
EXCHANGE RATE FLUCTUATION AND IMPACT ON IMPORTED GOODS IN NIGERIA
BACKGROUND OF THE STUDY
Since the conclusion of the civil war, the Nigerian economy has been very volatile. Following t...
THE ROLE OF EARLY CHILDHOOD EDUCATION IN CULTURAL IDENTITY
ABSTRACT: The role of early childhood education in cultural identity forma...
