Appraising the Credit Policy in the Private Sector Investment in the Nigerian Economy
Journal Title: International Journal of Empirical Finance - Year 2015, Vol 4, Issue 7
Abstract
The objectives of this study is appraising of credit policy in the private sector investment in Nigeria economic growth. Findings reveal the significant and positive impacts of domestic credit to private sector property right and investment freedom on private sector performance in the country. The study recommends that the government of Nigeria should provide a favourable business environment for the private sector to thrive. The paper investigates the relationship between financial sector development and economic growth in Nigeria for a period of 1990-2011. Function monetary policy measures were used to empirically determine the long run relationship of private investment and economic growth in Nigeria. This implies that the monetary policy in Nigeria has positively affected the growth of the private investment in the Nigeria economy. The paper also examined the impact of government expenditure on private sector investment and also how the financing of budget deficit have not only affected the performance of private investment but also how it crowds out private investment in Nigeria. Secondary data information from CBN bulletin were used. The paper recommends that government should direct its fiscal policy that would favour the private sector investment by discouraging high government expenditure and maintain low fiscal deficit. Also to avoid crowding out effects, and also recommended that deficit be financed through the capital market.
Authors and Affiliations
Anochie Uzoma C. , Ude Damian Kalu, Anuforo Robert
Keywords
Related Articles
- EP ID EP27219
- DOI -
- Views 336
- Downloads 12
Impact of Some Control Mechanisms on Financial Reporting Quality
The aim of this paper is to study the impact of some board characteristics on the quality of financial information disclosed by a sample of 20 anonymous Tunisian listed companies. To this effect we will relate financia...
Zimbabwean Commercial Banks Liquidity and Its Determinants
The liquidity problems are bedeviling Zimbabwean commercial banks since the introduction of multicurrency system and this is impacting the economic development. After the 2003 to 2004 liquidity crisis, the central bank...
A Study on the Performance of Symmetric and Asymmetric GARCH Models in Estimating Stock Returns Volatility
In this paper we aim to test the usefulness of two variants of Generalized Autoregressive Conditional Heteroscedasticity (GARCH) family-type models in estimating stock returns volatility for three Asian markets namely-...
The Effect of Bank Consolidation on the Financing of Small and Medium Enterprises in Nigeria (2005-2013)
This study which covered the period 2005-2013 was aimed at determining the level of financing of Small and Medium Scale Enterprises by Deposit Money Banks in Nigeria in the post consolidation era and to evaluate the ef...
Real Exchange Rate Volatility and Foreign Direct Investment Inflows: The Ghanaian Experience
Foreign Direct Investment (FDI) has played a critical role in the economic growth and development of many countries. This critical role has motivated studies to investigate the sources or causes of FDI inflows. This st...