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Title FINANCIAL SECTOR REFORMS AND ECONOMIC GROWTH: A COMPARATIVE ANALYSIS OF NIGERIA AND CAMEROON
Full text http://eprints.covenantuniversity.edu.ng/13421/1/ESANGAYA.pdf
Date 2018
Author(s) ESANGAYA, MENGOT; Covenant University, Theses
Abstract Financial sector reforms are an essential part of every economic reform package. This reforms involve putting together the liberalization of interest rates, promotion of market-bases system of credit allocation, enhancing competition, and efficiency of the regulatory and supervisory framework. This study seeks to examine the influence of financial sector reforms on economic growth: A comparative analysis of Nigeria and Cameroon. Secondary data was extracted from World development indicators 2016 and the Central Bank of Nigeria Statistical Bulletin 2017 for a period of 35years (1981-2016). The Johansen co-integration tests, the Vector Error Correction Model and Granger causality tests were used to analyse the data based on the various specific objectives. Results revealed that, both in the case of the Cameroonian and Nigerian financial sectors, the economy's growth had a long run relationship both before and after reforms were introduced to build a more vibrant financial sector. It is therefore recommended that, monetary policies that encourage credit expansion in the country is required for the increase of economic growth in Nigeria. However, in the case of Cameroon, monetary easing is required to increase the supply of money and availability of capital which will drive economic growth
Subject(s) H Social Sciences (General); HG Finance
Language en
Relation http://eprints.covenantuniversity.edu.ng/13421/
Type of publication Thesis; NonPeerReviewed
Format application/pdf
Identifier ESANGAYA, MENGOT and Covenant University, Theses (2018) FINANCIAL SECTOR REFORMS AND ECONOMIC GROWTH: A COMPARATIVE ANALYSIS OF NIGERIA AND CAMEROON. Masters thesis, COVENANT UNIVERSITY.
Repository Nigeria - Covenant University
Added to C-A: 2020-06-29;09:55:33