0704-883-0675     |      dataprojectng@gmail.com

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.




FIND OTHER RELATED TOPICS


Related Project Materials

THE MISUSE OF THE ENGLISH ARTICLES IN SELECTED NIGERIAN NEWSPAPER  

ABSTRACT

The English article system is a complex system that is nevertheless indispensable for users of English. The ar...

Read more
AN ANALYSIS OF STUDENTS PARTICIPATION OF THE 18+ WARNING SIGN IN ALCOHOL, ADVERTISEMENTS

ABSTRACT

Advertising has been identified as one of the factors that increase the likelihood of alcoholic beverage consum...

Read more
THE EFFECT OF LOGISTICS INDUSTRY ON THE ECONOMIC GROWTH IN NIGERIA (A Case Study Of The Maritime Industry)

Abstract  

The most significant elements that enable us to understand economic growth and development levels...

Read more
BITUMEN STABILIZATION OF LATERITE PRETREATED WITH HEAT AS A FLEXIBLE PAVEMENT MATERIAL

ABSTRACT

The search for an alternative to the conventional way of treating soil for use in road work, informed laterite...

Read more
Design and Development of an Android Application for Domestic Jobs Application (Job Bay)

ABSTRACT

This project report describes a mobile android based job finder and applier. There is a crisis in Nig...

Read more
THE EFFECTS OF HOME VIDEO AND MOVIES INDUSTRY ON THE SOCIO-MORAL BEHAVIOURS AND CRIME PREVENTION IN NIGERIA

Abstract

The effects of home video and movies industry on the socio-moral behaviours and crime prevention in Nigeria is...

Read more
SERVANT LEADERSHIP IN 1TIMOTHY 3 1-13- THE IMPLICATIONS FOR THE CHURCH OF NIGERIA (ANGLICAN COMMUNION)

Background to the Study

When one take the pulse on leadership and happenings in the church and society today, the need f...

Read more
THE ROLE OF MASS MEDIA IN PROMOTING ANTI CORRUPTION CAMPAIGNS

Abstract

 The study examines the role of mass media in promoting anti corruption campaigns in Nige...

Read more
INTEGRATED MARKETING COMMUNICATIONS AND CONSUMERS PATRONAGE OF NIGERIAN BEVERAGE PRODUCTS

ABSTRACT

The need for an organization to properly coordinate its marketing communications strategies to achieve a clear, consistent and c...

Read more
THE ROLES OF NON-GOVERNMENTAL ORGANIZATION ON PEACE BUILDING

ABSTRACT

This study was carried out to examine theroles of Non-Government Organization on Peace Building in Adamawa Stat...

Read more
Share this page with your friends




whatsapp