Financial Deepening and Economic Growth Nexus in Nigeria: Supply-Leading or Demand-Following?

Financial Deepening and Economic Growth Nexus in Nigeria: Supply-Leading or Demand-Following?

This paper examined the direction of causality between financial deepening and economic growth in Nigeria for the period 1970–2013. The study adopted the Toda–Yamamoto augmented Granger causality test and results showed that the growth-financial deepening nexus in Nigeria follows the supply-leading...

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Bibliographic Details
Main Authors: Tari Moses Karimo, Oliver Ejike Ogbonna
Format: Article
Language:English
Published: MDPI AG 2017-01-01
Series:Economies
Subjects:
financial deepening
economic growth
supply-leading hypothesis
Toda–Yamamoto augmented Granger causality
Online Access:http://www.mdpi.com/2227-7099/5/1/4

Internet

http://www.mdpi.com/2227-7099/5/1/4

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