Article Per Year (5 Year)
p-Index From 2021 - 2026
0
P-Index
This Author published in this journals
All Journal Palmyra Fiber as Additional Materials on Solid Concrete Brick of Aggregate
Adamu, Nasiru
Unknown Affiliation
Civil Engineering, Building, Construction & Architecture Economics, Econometrics & Finance Materials Science & Nanotechnology

Published : 1 Documents Claim Missing Document
Claim Missing Document
Check
Articles

Found 1 Documents
Search

 1 
Private Sector Creditand Economic Growth Nexus in Nigeria: An Autoregressive Distributed Lag Bound Approach Aliero, Haruna Mohammed; Abdullahi, Yahya Zakari; Adamu, Nasiru
Mediterranean Journal of Social Sciences Vol. 4 No. 1 (2013): January 2013
Publisher : Richtmann Publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

This paper analyses the relationship between private sector credit and economic growth in Nigeria, using time series data forthe period of thirty-seven (37) years (1974-2010). In analyzing the data the paper used Autoregressive Distributed Lag (ARLD)bound F-test for cointegration. The results indicated that a long run equilibrium relationship exists between private sectorcredit and economic growth, when private sector credit was used as dependent variable. However, causality results indicatethat there is no causal relationship between private sector and economic growth in Nigeria. Therefore the empirical findings ofthis research implied that while “demand following hypothesis” prevailed in the long run relationship between private sectorcredit and economic growth in Nigeria, non-causal impact between private sector and economic growth on the other handindicates the prevalence of the Schumpeterian “independent hypothesis” on the Nigerian economy. Finally, the studyrecommends long-term investment loan to the productive private sector in addition to the need for comprehensive policies andstrong legal framework for easy disbursement and quick recovery of private sector credit.
Co-Authors Abdullahi, Yahya Zakari Aliero, Haruna Mohammed