Bank Credits to the Private Sector: Potency and Relevance in Nigeria’s Economic Growth Process

Prince C. Nwakanma, Ikechukwu S. Nnamdi and Godfrey O. Omojefe

Accounting and Finance Research, 2014, vol. 3, issue 2, 23

Abstract: This study aims at evaluating the nature of long-run relationship existing between bank credits to the private sector of Nigeria’s economy and the nation’s economic growth as well as the directions of prevailing causality between them. Covering the period 1981 and 2011 (31 yrs), the Autoregressive Distributed Lag Bound (ARDL) and Granger Causality techniques were employed. The results indicate significant long-run relationship between the study variables but without significant causality in any direction. Measures including development of relatively  long tenured bank credit products as well as enforcement of credit regularization contracts are recommended in order to strengthen the operations of banks in Nigeria and their expected roles in financing entrepreneurship.

Date: 2014
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://www.sciedupress.com/journal/index.php/afr/article/download/4430/2831 (application/pdf)
https://www.sciedupress.com/journal/index.php/afr/article/view/4430 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:jfr:afr111:v:3:y:2014:i:2:p:23

Access Statistics for this article

More articles in Accounting and Finance Research from Sciedu Press Contact information at EDIRC.
Bibliographic data for series maintained by Sciedu Press ().