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 MANAGEMENT OF PENSION SCHEME IN NIGERIA (PROBLEMS AND PROSPECTS)
ABSTRACT
This research work is on the topic, “The Management of Pension Scheme in Nigeria (Problems and Pro...
INFLUENCE OF GENDER AND MODE OF STUDY ON EXAMINATION ANXIETY AMONG UNDERGRADUATES
ABSTRACT
This study investigated the influence of gender and mode of study on examination anxiety among...
ASSESSING THE TRANSFERABILITY OF VOCATIONAL SKILLS ACROSS INDUSTRIES
Abstract: This research assesses the transferability of vocational skills across industries...
AN INSIGHT INTO THE PROBLEMS STUDENTS ENCOUNTER DURING TEACHING PRACTICE: A CASE STUDY OF STUDENTS OF COLLEGE OF EDUCATION EKIADOLOR-BENIN
Abstract
The problem of students teachers during teaching practice lack of personal vigor, poor speakin...
AN EVALUATION OF THE REVENUE COLLECTION STRATEGIES IN THE REFORMED LOCAL GOVERNMENT: A CASE STUDY OF UDI LGA OF ENUGU STATE
ABSTRACT
The study aimed at evaluation of the revenue collection strategies in the ref...
PROSPECT AND CHALLENGES OF REGIONAL INTEGRATION IN WEST AFRICA (A QUALITATIVE STUDY)
ABSTRACT
There are a number of peculiar features in West Africa which have definitely influenced trends...
THE EFFECT OF ENVIRONMENTAL FACTORS ON THE SMALL AND MEDIUM SCALE BUSINESS IN NIGERIA
STATEMENT OF THE PROBLEM
The effects of environment on organizational performance vary from one situation to another. Th...
THE PROBLEMS OF HOSTEL MANAGEMENT AND ACCOMMODATION IN HIGHER INSTITUTIONS IN NIGERIA
STATEMENT OF PROBLEM
This study will be concerned with the problems posed by poor hostel accommodation, as it affects the quali...
AN ANALYSIS OF AMBIENT AIR POLLUTION AND PREGNANCY OUTCOMES: A REVIEW OF THE LITERATURE
Background to the study
Brunekreef and Holgate (2002), Künzli et al. (2000), and Pope et al. (2002...
THE ROLE OF THE ACCOUNTANT IN THE PRIVITAZATION AND COMMERCIALIZATION OF PARASTATALS IN NIGERIA
Abstract
This research work is aimed at ascertaining the various role played by the accountant in the privatization and...
