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
EFFECTS OF FUNDING, STAFF TRAINING, PRESERVATION AND BIBLIOGRAPHIC CONTROL ON NEWSPAPER UTILISATION IN UNIVERSITY LIBRARIES IN NIGERIA
ABSTRACT
Newspapers are sources of information on topical and current issues, stocked by libraries for use but due to their nature, they...
FINANCIAL INTERMEDIARIES AND THE DEVELOPMENT OF NON FINANCIAL FIRMS IN NIGERIA
BACKGROUND OF THE STUDY
The availability of sufficient financing is one of the most important fa...
AN EVALUATION OF ROLE OF THE MEDIA AND NATIONAL SECURITY IN NIGERIA
EXCERPT FROM THE STUDY
The Nigerian media has great responsibility to set public agenda that will enhance the realization of good life in...
ADDRESSING CULTURAL BARRIERS TO VOCATIONAL CAREER ADVANCEMENT
Abstract: Addressing cultural barriers to vocational career advancement is essential for pr...
EEFFECTS OF COMPUTER AIDED INSTRUCTION (CAI) PACKAGE ON ACADEMIC ACHIEVEMENT AND RETENTION OF BIOLOGY STUDENTS IN MINNA METROPOLIS, NIGER STATE.
ABSTRACT
The study determined the effectiveness of Computer Aided Instructional package (CAI) on achievement and retention of biology stu...
ACCOUNTING INFORMATION AS A TOOL FOR MANAGEMENT DECISION MAKING IN ORGANIZATION (A CASE STUDY OF ANCHOR INSURANCE COMPANY LIMITED UYO)
ABSTRACT
This study was carried out on accounting information as a tool for management decision making in organiza...
THE INFLUENCE OF BUDGET FORECASTING ON BUSINESS PLANNING
THE INFLUENCE OF BUDGET FORECASTING ON BUSINESS PLANNING
This study aims to: (1) analyze the impact of budget forecastin...
COMPARATIVE STUDY OF PHYSICOCHEMICAL ANALYSIS OF BOREHOLE WATER AND SACHET WATER IN OWERRI MUNICIPAL, IMO STATE
ABSTRACT
Three types of sachet water samples and three types of borehole water samples all from Owerri...
DESIGN AND IMPLEMENTATION OF AN ONLINE THERAPY APPLICATION
ABSTRACT
There is great concern for the mental and psychological well-being of the Nigerian populace. With Nigeria ranking as the most de...
REGULATING SOCIAL MEDIA AS A WAY OF CHECKING HATE SPEECH IN NIGERIA
BACKGROUND OF THE STUDY
The emergence of globalization has made the world a global village as proposed...
