An Econometric Modelling of Absorptive Capacity, Credit  Market Development and Economic Development in Nigeria

An Econometric Modelling of Absorptive Capacity, Credit Market Development and Economic Development in Nigeria

Dr. Audu Nathan Pelesai

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Niger Delta University

An Econometric Modelling of Absorptive Capacity, Credit Market Development and Economic Development in Nigeria

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Abstract

This paper empirically examines the relationship between absorptive capacity, credit market development and economic development in Nigeria. Recent theoretical works show the significance of absorptive capacity and credit market development to economic growth. In this study, the perceived relationship between absorptive capacity, credit market development and economic growth is estimated econometrically using the Ordinary Least Square Estimation Method (OLSEM). The result showed that there is a substantial positive effect of the selected macroeconomic variables on economic growth in Nigeria. The Granger causality test showed that absorptive capacity, human capacity development, lending rate, savings, gross domestic investment and gross domestic product indicates an evidence of causality from the selected macroeconomic variables (ABC, HCD, LR, SAV and GDI) to economic growth/development.

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Funding

No external funding was declared for this work.

Conflict of Interest

The authors declare no conflict of interest.

Ethical Approval

No ethics committee approval was required for this article type.

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Not applicable for this article.

How to Cite This Article

Dr. Audu Nathan Pelesai. 2012. \u201cAn Econometric Modelling of Absorptive Capacity, Credit Market Development and Economic Development in Nigeria\u201d. Global Journal of Human-Social Science - C: Sociology & Culture GJHSS-C Volume 12 (GJHSS Volume 12 Issue C13).

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Journal Specifications

Crossref Journal DOI 10.17406/GJHSS

Print ISSN 0975-587X

e-ISSN 2249-460X

Keywords

absorptive capacity and microeconomic policy credit market economic development Economic Growth

Submission ReceivedFebruary 10, 2012
Peer Review Double Blind
Handling Editor
Accepted March 4, 2012
Published March 15, 2012

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v1.2

Issue date

October 13, 2012

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Article Matrices

Total Score: 106

Country: Nigeria

Subject: Global Journal of Human-Social Science - C: Sociology & Culture

Authors: Dr. Audu Nathan Pelesai (PhD/Dr. count: 1)

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Publish Date: 2012 10, Sat

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Total Views: 5265

Total Downloads: 2708

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