An Empirical Analysis of Trends in Financial Intermediation and Output in Nigeria

An Empirical Analysis of Trends in Financial Intermediation and Output in Nigeria

Andrew O Agbada

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Osuji C.C.

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Delta State University

An Empirical Analysis of Trends in Financial Intermediation and Output in Nigeria

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Abstract

Financial Intermediation, as a process involves the transformation of mobilized deposits liabilities by financial intermediaries such as banks into bank assets or credits such as loans and overdraft. This paper seeks to analyze empirically the trends in Financial Intermediation and Output (GDP) in Nigeria from the banking crises period beginning from 1981 to 2011. In doing so, the study used the endogenous components of financial intermediation such as Demand Deposits (DD), Time/Savings deposits (T/Sav) and Credits (Loans and Overdraft) as explanatory variables to predict the outcome of our dependent variable Output (GDP). Data were sourced from CBN statistical Bulletin, 2011 and regression estimation was carried out using IBM SPSS statistics 20. The findings suggests that though there exist a positive growth relationship between financial intermediation and output in Nigeria, there also exist elements of negative short-run growth relationship, especially for the periods that suffered financial shocks resulting from the global financial crisis and perhaps, numerous bank failures. These findings may serve to buttress existing research outcomes and will be relevant to regulatory authorities in formulating policies that are capable of positively enhancing financial intermediation and output growth in the economy.

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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.

Data Availability

Not applicable for this article.

How to Cite This Article

Andrew O Agbada. 2013. \u201cAn Empirical Analysis of Trends in Financial Intermediation and Output in Nigeria\u201d. Global Journal of Management and Business Research - C: Finance GJMBR-C Volume 13 (GJMBR Volume 13 Issue C9).

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GJMBR Volume 13 Issue C9

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Journal Specifications

Crossref Journal DOI 10.17406/GJMBR

Print ISSN 0975-5853

e-ISSN 2249-4588

Keywords

bank credits demand deposit financial intermediation Nigeria output (GDP)time and savings deposit

Submission ReceivedDecember 6, 2012
Peer Review Double Blind
Handling Editor
Accepted January 5, 2013
Published January 15, 2013

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v1.2

Issue date

September 18, 2013

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Article Matrices

Total Score: 102

Country: Nigeria

Subject: Global Journal of Management and Business Research - C: Finance

Authors: Andrew O Agbada, Osuji C.C. (PhD/Dr. count: 0)

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Total Views: 4874

Total Downloads: 2464

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