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Financial reforms and industrialisation: evidence from Nigeria

Oludele Folarin ()

Journal of Social and Economic Development, 2019, vol. 21, issue 1, No 7, 166-189

Abstract: Abstract Nigeria adopted the Structural Adjustment Programme (SAP) in 1986 after the crash in world oil price in the early 1980s. Financial reforms are part of the reforms implemented during the SAP. Since industrialisation is seen as an engine of growth, we conduct an empirical assessment of the effects of financial sector reforms on industrialisation in Nigeria using an annual time series data over 1981–2015. Using an autoregressive distributed lag model, our findings show that financial reforms have a positive and significant impact on industrialisation.

Keywords: Financial reforms; Financial repression; Industrialisation; ARDL bounds test (search for similar items in EconPapers)
JEL-codes: C32 E44 O14 O55 (search for similar items in EconPapers)
Date: 2019
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Working Paper: Financial Reforms and Industrialisation: Evidence from Nigeria (2019) Downloads
Working Paper: Financial Reforms and Industrialisation: Evidence from Nigeria (2019) Downloads
Working Paper: Financial Reforms and Industrialisation: Evidence from Nigeria (2019) Downloads
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DOI: 10.1007/s40847-019-00075-z

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Journal of Social and Economic Development is currently edited by M.G. Chandrakanth, D. Rajasekhar, Anand Inbanathan and S. Madheswaran

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