Article Sidebar
Article Details
This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.
The journal is primarily used for research and statutory supplement for researchers. No individual, organization or institution that has the exclusive right to reprint, reproduce and distribute without the consent of the journal editorial board.
Main Article Content
The Relationship between Financial Development and Economic Growth in Nigeria: Linear and Non-Linear Approaches
Abstract
The paper re-examines the relationship between financial development and economic growth in Nigeria. Both conventional ARDL and the new Non-Linear ARDL approaches to cointegration were utilized over an annual data covering 1980 to 2016. The empirical result shows that relationship between financial development and economic growth is asymmetrical. The results further suggest that the current effort by government towards developing the economy as contained in the economic recovery plan (ERGP) needs to consider nonlinearities in modeling macroeconomic relationships.
