{"id":"https://openalex.org/W1580288288","doi":null,"title":"Financial Development and Economic Growth in Nigeria","display_name":"Financial Development and Economic Growth in Nigeria","publication_year":2013,"publication_date":"2013-01-01","ids":{"openalex":"https://openalex.org/W1580288288","mag":"1580288288"},"language":"en","primary_location":{"id":"mag:1580288288","doi":null,"is_oa":false,"landing_page_url":"https://www.iiste.org/Journals/index.php/EJBM/article/view/7274","pdf_url":null,"source":{"id":"https://openalex.org/S2764648571","display_name":"European Journal of Business and Management","issn_l":"2222-1905","issn":["2222-1905","2222-2839"],"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/P4310320723","host_organization_name":"IISTE","host_organization_lineage":["https://openalex.org/P4310320723"],"host_organization_lineage_names":["IISTE"],"type":"journal"},"license":null,"license_id":null,"version":null,"is_accepted":false,"is_published":false,"raw_source_name":"European Journal of Business and Management","raw_type":null},"volume":null,"type":"article","indexed_in":[],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5030647149","display_name":"Nathan Pelesai Audu","orcid":null,"observed_orcids":[]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Nathan Pelesai Audu","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]},{"author_position":"last","author":{"id":"https://openalex.org/A5026452374","display_name":"Tubo Pearce Okumoko","orcid":null,"observed_orcids":[]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Tubo Pearce Okumoko","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]}],"institutions":[],"countries_distinct_count":0,"institutions_distinct_count":0,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":3.6698,"has_fulltext":false,"cited_by_count":45,"citation_normalized_percentile":{"value":0.93586168,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":89,"max":99},"biblio":{"volume":"5","issue":"19","first_page":"69","last_page":"81"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.9976000189781189,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.9976000189781189,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10127","display_name":"Banking stability, regulation, efficiency","score":0.00139999995008111,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T13867","display_name":"Economic Growth and Development","score":0.00039999998989515007,"subfield":{"id":"https://openalex.org/subfields/1710","display_name":"Information Systems"},"field":{"id":"https://openalex.org/fields/17","display_name":"Computer Science"},"domain":{"id":"https://openalex.org/domains/3","display_name":"Physical Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/financial-development","display_name":"financial development","score":1.0},{"id":"https://openalex.org/keywords/economic-growth","display_name":"economic growth","score":1.0},{"id":"https://openalex.org/keywords/nigeria","display_name":"Nigeria","score":0.6209999918937683},{"id":"https://openalex.org/keywords/bank-lending-rates","display_name":"bank lending rates","score":0.609000027179718},{"id":"https://openalex.org/keywords/commercial-bank-credit","display_name":"commercial bank credit","score":0.7509999871253967},{"id":"https://openalex.org/keywords/private-sector-credit","display_name":"private sector credit","score":0.7459999918937683},{"id":"https://openalex.org/keywords/bank-deposits","display_name":"bank deposits","score":0.7400000095367432},{"id":"https://openalex.org/keywords/gross-domestic-product","display_name":"gross domestic product","score":0.6510000228881836},{"id":"https://openalex.org/keywords/monetary-policy","display_name":"monetary policy","score":0.6959999799728394},{"id":"https://openalex.org/keywords/granger-causality","display_name":"Granger causality","score":0.6850000023841858},{"id":"https://openalex.org/keywords/error-correction-model","display_name":"error correction model","score":0.6349999904632568}],"concepts":[{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.6666250228881836},{"id":"https://openalex.org/C114350782","wikidata":"https://www.wikidata.org/wiki/Q12638","display_name":"Gross domestic product","level":2,"score":0.626960277557373},{"id":"https://openalex.org/C152877465","wikidata":"https://www.wikidata.org/wiki/Q208042","display_name":"Regression analysis","level":2,"score":0.4872552454471588},{"id":"https://openalex.org/C27574286","wikidata":"https://www.wikidata.org/wiki/Q320723","display_name":"Variables","level":2,"score":0.48661741614341736},{"id":"https://openalex.org/C182365436","wikidata":"https://www.wikidata.org/wiki/Q50701","display_name":"Variable (mathematics)","level":2,"score":0.4631030261516571},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.40317919850349426},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.39322298765182495},{"id":"https://openalex.org/C139719470","wikidata":"https://www.wikidata.org/wiki/Q39680","display_name":"Macroeconomics","level":1,"score":0.34713995456695557},{"id":"https://openalex.org/C105795698","wikidata":"https://www.wikidata.org/wiki/Q12483","display_name":"Statistics","level":1,"score":0.13285470008850098},{"id":"https://openalex.org/C33923547","wikidata":"https://www.wikidata.org/wiki/Q395","display_name":"Mathematics","level":0,"score":0.10395514965057373},{"id":"https://openalex.org/C134306372","wikidata":"https://www.wikidata.org/wiki/Q7754","display_name":"Mathematical analysis","level":1,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"mag:1580288288","doi":null,"is_oa":false,"landing_page_url":"https://www.iiste.org/Journals/index.php/EJBM/article/view/7274","pdf_url":null,"source":{"id":"https://openalex.org/S2764648571","display_name":"European Journal of Business and Management","issn_l":"2222-1905","issn":["2222-1905","2222-2839"],"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/P4310320723","host_organization_name":"IISTE","host_organization_lineage":["https://openalex.org/P4310320723"],"host_organization_lineage_names":["IISTE"],"type":"journal"},"license":null,"license_id":null,"version":null,"is_accepted":false,"is_published":false,"raw_source_name":"European Journal of Business and Management","raw_type":null}],"best_oa_location":null,"sustainable_development_goals":[{"id":"https://metadata.un.org/sdg/8","display_name":"Decent work and economic growth","score":0.9211000204086304}],"sustainable_development_goals_aurora":[{"id":"https://metadata.un.org/sdg/8","display_name":"Decent work and economic growth","score":0.6600000262260437}],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":26,"referenced_works":["https://openalex.org/W1483612348","https://openalex.org/W1537543935","https://openalex.org/W1971546154","https://openalex.org/W1975994995","https://openalex.org/W1993622537","https://openalex.org/W1996189890","https://openalex.org/W2017485295","https://openalex.org/W2039882728","https://openalex.org/W2049609794","https://openalex.org/W2051438039","https://openalex.org/W2053241257","https://openalex.org/W2055686677","https://openalex.org/W2071705839","https://openalex.org/W2077358653","https://openalex.org/W2083179788","https://openalex.org/W2099208946","https://openalex.org/W2099744804","https://openalex.org/W2102897370","https://openalex.org/W2144380346","https://openalex.org/W2294504092","https://openalex.org/W2586484929","https://openalex.org/W2674532539","https://openalex.org/W2990647798","https://openalex.org/W3024924910","https://openalex.org/W3121620933","https://openalex.org/W3144698587"],"related_works":["https://openalex.org/W7160272827","https://openalex.org/W2794242253","https://openalex.org/W1551530316","https://openalex.org/W1598953989","https://openalex.org/W7216909013","https://openalex.org/W4404723313","https://openalex.org/W2187849154","https://openalex.org/W6930453774","https://openalex.org/W4409584282","https://openalex.org/W6969222870"],"abstract_inverted_index":{"The":[0,14,31,61,94,117,177,210,238,277],"study":[1,35,69,79,113,118,178,242],"empirically":[2],"evaluates":[3],"the":[4,38,44,48,51,56,64,68,72,90,97,108,112,145,207,223,245,251,271,275,322,368,381],"impact":[5,268,279],"of":[6,25,33,58,63,212,253,274,280,326],"financial":[7,84,155,170,201,231],"development":[8,85,156,171,202,232],"on":[9,134,230,270,283,292],"economics":[10],"growth":[11,88,159,174,205,235,273],"in":[12,47,67,77,111,160,175,206,236,310,380],"Nigeria.":[13,176,237],"paper":[15],"employed":[16],"annual":[17],"times":[18],"series":[19],"data":[20],"spanning":[21],"through":[22],"a":[23,147,193,340],"period":[24,91,252],"43":[26],"years":[27],"(1970":[28],"to":[29,127,141,164,185,192,216,263,306,319,329,351,377],"2012).":[30],"finding":[32],"our":[34,59,128,161,165,241],"suggests":[36],"that":[37,71,106,121,181,244,258,266,289,295,303,344,365],"theoretical":[39,129],"modelling":[40],"requirements":[41,53],"for":[42,317,355,362],"all":[43,107],"variables":[45,109],"used":[46,76,110],"regression":[49],"satisfy":[50],"statistical":[52],"which":[54],"determine":[55],"choice":[57],"model.":[60],"result":[62,95],"co-integration":[65],"estimates":[66],"revealed":[70],"selected":[73],"independent":[74],"variable":[75],"this":[78,374],"explains":[80],"long-run":[81],"relationship":[82],"between":[83,89],"and":[86,151,157,172,203,226,233,373],"economic":[87,158,173,204,234],"under":[92],"consideration.":[93],"from":[96,240],"estimated":[98],"long\u2013run":[99],"Parsimonious":[100],"Error":[101],"Correction":[102],"Model":[103],"(ECM)":[104],"shows":[105,243],"were":[114],"statistically":[115],"significant.":[116],"also":[119,152,179,227],"reveals":[120],"lending":[122,281,298],"rate":[123,282,299],"did":[124,189],"not":[125,190,286],"conform":[126],"expectation":[130,149,195],"but":[131,196,300],"impacts":[132,228],"significantly":[133,197,229],"gross":[135,217],"domestic":[136,218],"product.":[137],"Commercial":[138],"bank":[139,183,214,327],"credit":[140,184,328,350],"private":[142,187,330,352],"sector":[143,353],"has":[144],"expected":[146],"priori":[148,194],"sign":[150,225],"positively":[153,269],"affected":[154],"study.":[162,254],"Contrary":[163],"expectation,":[166],"MGDP":[167],"negatively":[168],"influenced":[169,198],"indicates":[180],"commercial":[182,213],"non-financial":[186],"firm":[188],"conforms":[191],"or":[199,370],"stimulated":[200],"Nigerian":[208],"economy.":[209,276],"ratio":[211],"deposit":[215],"product":[219],"(RDEP)":[220],"appeared":[221],"with":[222],"right":[224],"evidence":[239,325],"entire":[246],"model":[247],"is":[248],"stable":[249],"within":[250],"We":[255],"therefore":[256],"recommend":[257],"monetary":[259],"authorities":[260],"should":[261,333],"endeavour":[262],"make":[264,334],"policies":[265,293,302,335],"will":[267,358,366,375],"overall":[272],"significant":[278],"GDP":[284,382],"does":[285],"no":[287],"mean":[288],"government":[290,332],"embark":[291],"measures":[294],"would":[296,304,345],"improve":[297],"focus":[301],"lead":[305,376],"employment":[307],"generating,":[308],"increase":[309],"income":[311],"as":[312,314,336,338],"well":[313,337],"conducive":[315,341],"atmosphere":[316],"businesses":[318],"operate.":[320],"Given":[321],"strong":[323],"positive":[324],"sector,":[331],"provide":[339,348],"business":[342],"environment":[343],"ensure":[346],"banks":[347],"more":[349],"(loans)":[354],"businesses,":[356],"who":[357],"invest":[359],"such":[360],"funds":[361],"productive":[363],"purposes":[364],"yield":[367],"desired":[369],"required":[371],"return":[372],"an":[378],"improvement":[379],"growth.":[383],"Keywords:":[387],"Financial":[389],"development,":[390],"Economic":[391],"growth,":[392],"ECM,":[393],"Stability,":[394],"Granger":[395],"causality.Classification":[396],"Code:":[397],"C22,":[398],"C87,\u00a0":[399],"E44,":[400],"F62,":[401],"O47":[402]},"counts_by_year":[{"year":2024,"cited_by_count":5},{"year":2023,"cited_by_count":3},{"year":2022,"cited_by_count":10},{"year":2021,"cited_by_count":6},{"year":2020,"cited_by_count":5},{"year":2019,"cited_by_count":4},{"year":2018,"cited_by_count":5},{"year":2017,"cited_by_count":3},{"year":2016,"cited_by_count":1},{"year":2015,"cited_by_count":3}],"updated_date":"2026-10-01T08:54:57.152042","created_date":"2016-06-24T00:00:00"}
