SALIHU, M.O and OLANIRAN-AKINYELE, O.F and OYELEYE, T.F (2015) FINANCIAL DEEPENING AND ECONOMIC PERFORMANCE IN NIGERIA: A BIVARIATE ANALYSIS. In: IST INTERNATIONAL CONFERENCE OF THE SCHOOL OF MANAGEMENT STUDIES 2015 GHANA RETREAT, 3OTH SEPTEMBER- 3RD October, 2015, UNIVERSITY OF GHANA LEGON, ACCRA, GHANA..
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Abstract
The paper examined a bivariate analysis of financial deepening and economic performance in Nigeria from 2009-2013. It is cleared from the trend analysis that financial deepening index, investment and economic performance did not experience any dramatic changes during the period. The bivariate analysis outcome indicates that at an average the relationship between Financial deepening and Economic performance is very high, and it suggests that Nigerian financial sector has strong growth potential, if given adequate support and attention. Similarly, the stock market deepening has strong growth potential. The evidence from the correlation matrix shows that Nigerian stock market has a very higher growth potential than the banking sector. The study recommends that government should strengthen the financial market through stable monetary policies.
| Item Type: | Conference or Workshop Item (Paper) |
|---|---|
| Subjects: | H Social Sciences > H Social Sciences (General) H Social Sciences > HF Commerce H Social Sciences > HG Finance |
| Divisions: | Faculty of Law, Arts and Social Sciences > School of Management |
| Depositing User: | Miss Ayomikun Ogunbadejo |
| Date Deposited: | 19 Jun 2020 14:35 |
| Last Modified: | 19 Jun 2020 14:35 |
| URI: | http://eprints.federalpolyilaro.edu.ng/id/eprint/651 |
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