1. bookVolumen 13 (2018): Edición 1 (April 2018)
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eISSN
2344-5416
Primera edición
06 Mar 2015
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3 veces al año
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access type Acceso abierto

Financial Development and Manufacturing Performance: The Nigerian Case

Publicado en línea: 08 May 2018
Volumen & Edición: Volumen 13 (2018) - Edición 1 (April 2018)
Páginas: 97 - 111
Detalles de la revista
License
Formato
Revista
eISSN
2344-5416
Primera edición
06 Mar 2015
Calendario de la edición
3 veces al año
Idiomas
Inglés
Abstract

The study focused on financial sector development and manufacturing performance in Nigeria over the period of 1981 to 2015. In the study, three indicators such as manufacturing capacity utilization, manufacturing output and manufacturing value added were employed to proxy manufacturing performance while money supply as a percentage of GDP, domestic credit to the private sector and liquidity ratio were employed to proxy financial development. The study observed that credit to the private sector and money supply positively but insignificantly enhanced capacity utilization and output, but negatively impacted value added of the manufacturing sector in the short run. There is slight improvement in the long where both money supply and credit to private sector exert positive impact manufactured output. Hence, it becomes crucial for commercial banks to make available certain percentage of their profits for industrial expansion in order to create linkages between both sectors.

Keywords

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