STRUCTURAL ANALYSIS OF THE NIGERIAN FINANCIAL SYSTEM IN THE POST LIBERALIZATION ERA AND ITS IMPACT ON ECONOMIC GROWTH

Format: MS WORD | Chapter: 1-5 | Pages: 69 | 947 Users found this project useful | Price NGN5,000

STRUCTURAL ANALYSIS OF THE NIGERIAN FINANCIAL SYSTEM IN THE POST LIBERALIZATION ERA AND ITS IMPACT ON ECONOMIC GROWTH

Abstract

This study assessed the impact of the liberalization of the Nigerian financial system on the structural changes witnessed in the system as a result of liberalization as well as the impact of the resulting structural change on economic growth using a three stage least in a system of three endogenous variables. System of equations was used to capture the transmission mechanism of financial liberalization as contained in the McKinnon and Shaw financial repression hypothesis with annual data from 1986 to 2012. The study found that the Nigeria financial system had undergone major changes in term of both nature and composition. Liberalization further helped in creating a diversified financial system which is vibrant and robust, though deposit money banks still dominate the sector in term of asset base and branch network. Also, this study found that financial structure has a positive impact on savings as well as on economic growth. In addition, both capital market-base and bank-based financial structure have similar impact on both investment and growth thereby relegating the capital market-base versus bank-based argument to the background and favour of the financial market-based view. Therefore, this study recommends that the liberalization of the Nigerian financial system should be sustained and economic policies should be directed at enhancing growth of the financial system.

CHAPTER ONE

INTRODUCTION

1.1. Background to the Study

Several arguments have been put forward about ways of improving the standard of living through a sustained growth process. This development has elicited paradigm shift in economic growth strategies and policies especially in developing economics and new frontiers were being explored to achieve economic growth.

The important role of finance in the process of economic growth and development was brought to lime light by the works of Bagehot (1873) and Schumpeter (1911). They pointed out the productivity and growth enhancing effects of services provided by a developed financial sector. They posit that the industrial revolution in England was the result of a functioning financial system that was instrumental in mobilizing and allocating long-term capital to the productive enterprises of the country. They argued that financial intermediaries play a crucial role in fostering technological innovation and economic growth by providing basic services such as mobilizing savings, monitoring managers, evaluating investment projects, managing and pooling risks, and facilitating transactions.

The seminal works of McKinnon (1973) and Shaw (1973) supported Schumpeter‟s view of promoting the development of financial sector to achieve economic growth. They criticized the financial repressionists‟ view adopted by many governments in developing countries in the early 1970s. The traditional justification for financial repression is that it is presumed to increase the rate of economic growth. This argument is based on the assumption that money and real assets are perfectly substitutable, that increasing returns in real asset markets relative to money market instruments will induce a change in investor behaviour, so shifting investment out of money market into capital investment.

DOWNLOAD THE COMPLETE PROJECT

Project information

Project Price

NGN5,000
Number of Pages

69
Number of Chapters

1-5
Additional Content

Abstract, Table of Content & Questionnaire

STRUCTURAL ANALYSIS OF THE NIGERIAN FINANCIAL SYSTEM IN THE POST LIBERALIZATION ERA AND ITS IMPACT ON ECONOMIC GROWTH

Not The Topic You Are Looking For?

For Quick Help Chat with Us Now!

+234 813 292 6373

+233 55 397 8005

Search for your project topic

HOW TO GET THE COMPLETE PROJECT ON STRUCTURAL ANALYSIS OF THE NIGERIAN FINANCIAL SYSTEM IN THE POST LIBERALIZATION ERA AND ITS IMPACT ON ECONOMIC GROWTH INSTANTLY

Click on the Download Button above.
Select any option to get the complete project immediately.
Chat with Our Instant Help Desk on +234 813 292 6373 for further assistance.
All projects on our website are well researched by professionals with high level of professionalism.

Here's what our amazing customers are saying

Samuel From Ajayi Crowther University

You guys just made life easier for students. Thanks alot iprojectmaster.com

Excellent

Emmanuel Essential

Kogi state University

I actually took the risk,you know first time stuff But i was suprised i received as requested. I love you guys 🌟 🌟 🌟 🌟

Very Good

Merry From BSU

I am now a graduate because of iprojectmaster.com, God Bless you guys for me.

Excellent

Adam Alhassan Yakubu

UDS

Excellent work and delivery , I promise to share my testimonies everyone in need of this kind of work. You're the best

Excellent

Stancy M

Abia State University, Uturu

I did not see my project topic on your website so I decided to call your customer care number, the attention I got was epic! I got help from the beginning to the end of my project in just 3 days, they even taught me how to defend my project and I got a 'B' at the end. Thank you so much iprojectmaster, infact, I owe my graduating well today to you guys...

Excellent

Temitayo Ayodele

Obafemi Awolowo University

My friend told me about iprojectmaster website, I doubted her until I saw her download her full project instantly, I tried mine too and got it instantly, right now, am telling everyone in my school about iprojectmaster.com, no one has to suffer any more writing their project. Thank you for making life easy for me and my fellow students... Keep up the good work

Very Good

Dau Mohammed Kabiru

Kaduna State College of Education Gidan Waya

This is my first time..Your service is superb. But because I was pressed for time, I became jittery when I did not receive feedbackd. I will do more business with you and I will recommend you to my friends. Thank you.

Very Good

Abraham Ogbanje

NATIONAL OPEN UNIVERSITY OF NIGERIA

At first I was afraid.. But I discovered they are legit. I will bring more patronize

Very Good

Abdulrahman Jibrin

Nti Abaji

Nice one work prompt delivery tanx

Very Good

Uduak From Uniuyo

IProjectMaster is the best project site for students. Their works are unique and free of plagiarism!

Excellent

View All Reviews

FREQUENTLY ASKED QUESTIONS

How do I get this complete project on STRUCTURAL ANALYSIS OF THE NIGERIAN FINANCIAL SYSTEM IN THE POST LIBERALIZATION ERA AND ITS IMPACT ON ECONOMIC GROWTH? Simply click on the Download button above and follow the procedure stated.
I have a fresh topic that is not on your website. How do I go about it?
How fast can I get this complete project on STRUCTURAL ANALYSIS OF THE NIGERIAN FINANCIAL SYSTEM IN THE POST LIBERALIZATION ERA AND ITS IMPACT ON ECONOMIC GROWTH? Within 15 minutes if you want this exact project topic without adjustment
Is it a complete research project or just materials? It is a Complete Research Project i.e Chapters 1-5, Abstract, Table of Contents, Full References, Questionnaires / Secondary Data
What if I want to change the case study for STRUCTURAL ANALYSIS OF THE NIGERIAN FINANCIAL SYSTEM IN THE POST LIBERALIZATION ERA AND ITS IMPACT ON ECONOMIC GROWTH, What do i do? Chat with Our Instant Help Desk Now: +234 813 292 6373 and you will be responded to immediately
How will I get my complete project? Your Complete Project Material will be sent to your Email Address in Ms Word document format
Can I get my Complete Project through WhatsApp? Yes! We can send your Complete Research Project to your WhatsApp Number
What if my Project Supervisor made some changes to a topic i picked from your website? Call Our Instant Help Desk Now: +234 813 292 6373 and you will be responded to immediately
Do you assist students with Assignment and Project Proposal? Yes! Call Our Instant Help Desk Now: +234 813 292 6373 and you will be responded to immediately
What if i do not have any project topic idea at all? Smiles! We've Got You Covered. Chat with us on WhatsApp Now to Get Instant Help: +234 813 292 6373
How can i trust this site? We are well aware of fraudulent activities that have been happening on the internet. It is regrettable, but hopefully declining. However, we wish to reinstate to our esteemed clients that we are genuine and duly registered with the Corporate Affairs Commission as "PRIMEDGE TECHNOLOGY". This site runs on Secure Sockets Layer (SSL), therefore all transactions on this site are HIGHLY secure and safe!