Call for Papers:Vol.11 Issue.3

Submission
Last date		 28-Jun-2025
Acceptance Status In One Day
Paper Publish In Two Days
Submit ManuScript

News & Updates

Submit Article

Dear Authors, Article publish in our journal for Volume-11,Issue-3. For article submission on below link: Submit Manuscript


Join As Board

Dear Reviewer, You can join our Reviewer team without given any charges in our journal. Submit Details on below link: Join As Board


Paper Publication Charges

IJARIIE APP
Download Android App

For Authors

Archives

IJARIIE Board

Downloads

Android App

Download IJARIIE APP

Authors

Title: :  FINANCIAL SECTOR DEVELOPMENT AND ECONOMIC GROWTH IN NIGERIA: A DYNAMIC MULTIPLE REGRESSION APPROACH
PaperId: :  26466
Published in:   International Journal Of Advance Research And Innovative Ideas In Education
Publisher:   IJARIIE
e-ISSN:   2395-4396
Volume/Issue:    Volume 11 Issue 3 2025
DUI:    16.0415/IJARIIE-26466
Licence: :   IJARIIE is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.

Author NameAuthor Institute
Felicia Akujinma AnyanwuNnamdi Azikiwe University, Awka
Victoria Ogochukwu Obi-Nwosu Nnamdi Azikiwe University, Awka

Abstract

Economics and Finance
Financial sector development, economic growth, dynamic multiple regression
The debate on the direction of the relationship between financial development and economic growth has continued to attract scholarly attention despite having a long history. This study employs a dynamic multiple regression framework to examine the impact of financial sector development on economic growth in Nigeria using quarterly time series data spanning from 1981Q1 to 2022Q4. Financial sector development is measured in terms of domestic credit of private sector, net credit to government, and stock market capitalization, while economic degrowth is measured by real GDP. We find that none of the financial development measures exert a significant effect on economic growth. However, while both domestic credit to private sector and net credit to government have negative coefficients, stock market capitalization has a positive coefficient. Hence, consistent with the finance-neutrality hypothesis, we conclude that both financial institutions and financial markets have so far been unable to effectively channel financial resources into productive real economic activities for growth and development

Citations

Copy and paste a formatted citation or use one of the links to import into a bibliography manager and reference.

IJARIIE Felicia Akujinma Anyanwu, and Victoria Ogochukwu Obi-Nwosu . "FINANCIAL SECTOR DEVELOPMENT AND ECONOMIC GROWTH IN NIGERIA: A DYNAMIC MULTIPLE REGRESSION APPROACH" International Journal Of Advance Research And Innovative Ideas In Education Volume 11 Issue 3 2025 Page 410-417
MLA Felicia Akujinma Anyanwu, and Victoria Ogochukwu Obi-Nwosu . "FINANCIAL SECTOR DEVELOPMENT AND ECONOMIC GROWTH IN NIGERIA: A DYNAMIC MULTIPLE REGRESSION APPROACH." International Journal Of Advance Research And Innovative Ideas In Education 11.3(2025) : 410-417.
APA Felicia Akujinma Anyanwu, & Victoria Ogochukwu Obi-Nwosu . (2025). FINANCIAL SECTOR DEVELOPMENT AND ECONOMIC GROWTH IN NIGERIA: A DYNAMIC MULTIPLE REGRESSION APPROACH. International Journal Of Advance Research And Innovative Ideas In Education, 11(3), 410-417.
Chicago Felicia Akujinma Anyanwu, and Victoria Ogochukwu Obi-Nwosu . "FINANCIAL SECTOR DEVELOPMENT AND ECONOMIC GROWTH IN NIGERIA: A DYNAMIC MULTIPLE REGRESSION APPROACH." International Journal Of Advance Research And Innovative Ideas In Education 11, no. 3 (2025) : 410-417.
Oxford Felicia Akujinma Anyanwu, and Victoria Ogochukwu Obi-Nwosu . 'FINANCIAL SECTOR DEVELOPMENT AND ECONOMIC GROWTH IN NIGERIA: A DYNAMIC MULTIPLE REGRESSION APPROACH', International Journal Of Advance Research And Innovative Ideas In Education, vol. 11, no. 3, 2025, p. 410-417. Available from IJARIIE, https://ijariie.com/AdminUploadPdf/FINANCIAL_SECTOR_DEVELOPMENT_AND_ECONOMIC_GROWTH_IN_NIGERIA__A_DYNAMIC_MULTIPLE_REGRESSION_APPROACH_ijariie26466.pdf (Accessed : 07 May 2025).
Harvard Felicia Akujinma Anyanwu, and Victoria Ogochukwu Obi-Nwosu . (2025) 'FINANCIAL SECTOR DEVELOPMENT AND ECONOMIC GROWTH IN NIGERIA: A DYNAMIC MULTIPLE REGRESSION APPROACH', International Journal Of Advance Research And Innovative Ideas In Education, 11(3), pp. 410-417IJARIIE [Online]. Available at: https://ijariie.com/AdminUploadPdf/FINANCIAL_SECTOR_DEVELOPMENT_AND_ECONOMIC_GROWTH_IN_NIGERIA__A_DYNAMIC_MULTIPLE_REGRESSION_APPROACH_ijariie26466.pdf (Accessed : 07 May 2025)
IEEE Felicia Akujinma Anyanwu, and Victoria Ogochukwu Obi-Nwosu , "FINANCIAL SECTOR DEVELOPMENT AND ECONOMIC GROWTH IN NIGERIA: A DYNAMIC MULTIPLE REGRESSION APPROACH," International Journal Of Advance Research And Innovative Ideas In Education, vol. 11, no. 3, pp. 410-417, May-Jun 2025. [Online]. Available: https://ijariie.com/AdminUploadPdf/FINANCIAL_SECTOR_DEVELOPMENT_AND_ECONOMIC_GROWTH_IN_NIGERIA__A_DYNAMIC_MULTIPLE_REGRESSION_APPROACH_ijariie26466.pdf [Accessed : 07 May 2025].
Turabian Felicia Akujinma Anyanwu, and Victoria Ogochukwu Obi-Nwosu . "FINANCIAL SECTOR DEVELOPMENT AND ECONOMIC GROWTH IN NIGERIA: A DYNAMIC MULTIPLE REGRESSION APPROACH." International Journal Of Advance Research And Innovative Ideas In Education [Online]. volume 11 number 3 (07 May 2025).
Vancouver Felicia Akujinma Anyanwu, and Victoria Ogochukwu Obi-Nwosu . FINANCIAL SECTOR DEVELOPMENT AND ECONOMIC GROWTH IN NIGERIA: A DYNAMIC MULTIPLE REGRESSION APPROACH. International Journal Of Advance Research And Innovative Ideas In Education [Internet]. 2025 [Cited : 07 May 2025]; 11(3) : 410-417. Available from: https://ijariie.com/AdminUploadPdf/FINANCIAL_SECTOR_DEVELOPMENT_AND_ECONOMIC_GROWTH_IN_NIGERIA__A_DYNAMIC_MULTIPLE_REGRESSION_APPROACH_ijariie26466.pdf
BibTex EndNote RefMan RefWorks

Number Of Downloads


Last download on 5/7/2025 1:59:19 PM

Save in Google Drive

Similar-Paper

TitleArea of ResearchAuther NameAction
FISCAL PERFORMANCE AND ECONOMIC GROWTH IN NIGERIA: A DYNAMIC OLS APPROACHEconomics and Finance Felicia Akujinma Anyanwu Download
FINANCIAL SECTOR DEVELOPMENT AND ECONOMIC GROWTH IN NIGERIA: A DYNAMIC MULTIPLE REGRESSION APPROACHEconomics and Finance Felicia Akujinma Anyanwu Download
The Role of Technology Integration in Transforming CRM Practices: A Case Study of Ujjivan Small Finance BankCommerce and ManagementMohan Kumar BM Download
Carbon Accounting for Banking and Finance IndustryFinance Mrs. Akansha Misra Download
ATMANIRBHAR INDIA: MOVING TOWARDS STRONG PAYMENT SYSTEM OF INDIAMANAGEMENT KUNDAN KUMAR Download
The Effects of Herding on Market Efficiency: A Study of Stock Price Bubbles and CorrectionsManagement Studies Preeti Belgaumkar Download
The Growth and Challenges of Green Bonds in India: A Path towards Sustainable Financemanagement Dr. Satinder Bir Kaur, Download
POST-PANDEMIC HOSPITAL OPERATIONAL MANAGEMENT BASED ON HUMAN RESOURCES & FINANCIAL MANAGEMENT ASPECTS AT MEDINA GARUT HOSPITALManagement, Economy, HealthcareKokon Darmawan Download
A FEASIBILITY STUDY OF PUTTING UP A SABROSA LECHAUNT HAUZ IN LAPU-LAPU STREET, POBLACION, CATEEL, DAVAO ORIENTALBusiness Administration - Major in Financial ManagementRosielyn T. Del Campo Download
Financial Literacy of Teachers: A Quantitative StudyBusiness research Jade I. Lancian Download
STRATEGIC CORPORATE DEBT MANAGEMENT IN A LOW-INTEREST-RATE ENVIRONMENT: REFINANCING, LEVERAGE, AND INVESTMENT DECISION-MAKINGCommerce and ManagementM V Shruthi Download
Financial Literacy Among Barangay Treasurers in Cateel, Davao OrientalFinancial Management Novy L. Delos Santos Download
A STUDY ON THE IMPACT OF MICROFINANCE INSTITUTIONS ON ECONOMIC DEVELOPMENT IN THE POST-2012 ERAManagement Studies Mr. Madhava Download
Factors Reducing Money Laundering to Strengthen the National Security of BangladeshFinancial Management and DevelopmentS. M. Zobaer Alam Download
The Critical Role of Working Capital Management in Enhancing Firm PerformanceCompanyPriyanga.V Download
12