Financial Sector Development and Economic Growth in Nigeria (1990-2020) (Published)
In order to establish whether there is a causal relationship between the financial sector development and economic growth during the sample period of 1990–2020, the article investigates the relationship between the development of the financial sector and economic growth in Nigeria.The Autoregressive Distributive Lag (ARDL) Model is used in this work to measure and a useful tool for determining whether there is long-term relationship between economic data series. The ARDL model can be used to predict and distinguish between short-term dynamics and long-term relationships. Tests like the long-run relationship are used to determine the data’s stationarity characteristics and their long-term relationship & short-run tests, bounds tests, heteroskedasticity tests, serial correlation, and co-integration tests were used. Financial intermediaries(FINIM), financial depth(FINDEPT), and market stock(MKTSTCK) all have a causal relationship with the real gross domestic product(RGDP), according to the study. Economic growth is significantly impacted by the growth of the financial industry. The public and private sectors must be informed about operations in the financial industry. The World Bank’s World Development Indicators (2020) database, which covered the years 1990 to 2020, and the Central Bank of Nigeria’s Statistical Bulletin were the sources for all data.
Keywords: Development, Financial Depth, Financial Sector, economic growth, financial intermediaries, real gross domestic product and stock market
Determinants of increased/rapid residential real estate development in Anambra State. (Published)
Anambra State real estate sector is fast becoming and emerging market particularly as it concerns the residential real estate development, this is a trend investors are expected to watch out for. The real estate sectors have been contributing immensely to the transformation of the built environment and there are noticeable increased in real estate activities in the study area and there are major determinants of same hence this study. It identifies the determinants, their relative importance and as well the extent these determinants impacts on residential real estate development. The findings indicated that that location advantage is a major determinant and as well very important, as well as have greater impact. It was discovered that the sector is private sector controlled and an emerging one. Also, the findings showed that the identified determinants have significant impact on increased or rapid response of residential real estate development in Anambra State and that the presence of support infrastructure or its availability is significant on increased or rapid residential real estate development in Anambra State.
Keywords: Determinants, Development, Residential, estate, real