CREDIT MARKET, INVESTMENT PRODUCTIVITY AND ECONOMIC DEVELOPMENT

Name: CREDIT MARKET, INVESTMENT PRODUCTIVITY AND ECONOMIC DEVELOPMENT
Brand: LAP LAMBERT Academic Publishing
Availability: OutOfStock
Rating: 5 (1 reviews)

By Chijioke, Mercy Ihuoma

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Description

Credit markets are established globally to provide funds for investment and foster economic development. Despite reforms to strengthen Nigeria's credit market, the nation's economic progress remains unsatisfactory. This study addresses the gap in understanding the link between credit market development, investment productivity, and economic growth in Nigeria. Using the Error Correction Model (ECM) and time series data from the CBN, World Bank, and IMF, findings reveal a negative relationship between credit market development and economic growth, suggesting that economic progress does not necessarily improve with credit market expansion. Additionally, investment impacts economic development after a two-year gestation period. The study recommends granting investors a one-year moratorium before loan repayment begins and maintaining moderately high deposit and lending rates to encourage savings and promote efficient investments.

Product details

Binding:: Paperback
Number of Pages:: 76
Release Date:: 2025-11-07
Publication Date:: 2025-11-07
Publisher:: LAP LAMBERT Academic Publishing
Languages:: Original: English
ISBN10:: 6209100139
ISBN13:: 9786209100130
Weight:: 131 g
Height:: 15 cm
Width:: 22 cm
Thickness:: 0.5 cm

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