FINANCIAL INTERMEDIATION AND ECONOMIC GROWTH - Abu, Aminu
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This book focused on the influence of financial intermediaries factors on economic growth in West African countries with specific examination of Cape Verde, Ghana, Ivory Coast, Nigeria and Senegal, using the panel data model. The specific objectives centred on the examination of the effect of each of money supply, interest rate, credit to private sector and deposits with deposit money banks on: economic growth, proxy by real GDP growth rate in the studied countries, using the Panel Autoregressive Distributed Lag (ARDL) model. Findings in the study showed that a strong, positive and significant…mehr

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Produktbeschreibung
This book focused on the influence of financial intermediaries factors on economic growth in West African countries with specific examination of Cape Verde, Ghana, Ivory Coast, Nigeria and Senegal, using the panel data model. The specific objectives centred on the examination of the effect of each of money supply, interest rate, credit to private sector and deposits with deposit money banks on: economic growth, proxy by real GDP growth rate in the studied countries, using the Panel Autoregressive Distributed Lag (ARDL) model. Findings in the study showed that a strong, positive and significant relationships exist between money supply, credit to private sector, deposits with deposit money banks and real GDP growth rate, with the exemption of interest rate. The implication of this finding is that financial intermediaries have helped to promote economic growth in West African countries significant in driving per capita GDP in the region. The study hence suggests that authorities in West Africa should implement policies that should enhance the performance of financial intermediaries to advance economic growth, while keeping an eye on inflation and interest rate.
Autorenporträt
Dr Aminu Abu is a consultant at the Johnbosco Research Institute for Economics, Social Survey & Policy Advocacy, Nigeria. He holds a PhD in Economics & currently lectures in the Post Graduate Program of the Dept. of Economics Rivers State University, Port Harcourt, Nigeria. He has published numerous papers & presented at local & int'l conferences.