An Empirical Analysis of Trends in Financial Intermediation and Output in Nigeria
An Empirical Analysis of Trends in Financial Intermediation and Output in Nigeria
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尼日利亚金融中介和产出趋势的实证分析
DOI：
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发表时间：
2013
期刊：
影响因子：
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通讯作者：
C. C. Osuji
中科院分区：
文献类型：
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作者：
Andrew O. Agbada;C. C. Osuji
金融中介是指银行等金融中介机构将调动起来的存款负债转化为银行资产或贷款和透支等信贷的过程。本文试图实证分析1981 - 2011年银行危机期间尼日利亚金融中介和产出（GDP）的趋势。在此过程中，本研究使用了金融中介的内生成分，如活期存款（DD），定期/储蓄存款（T/Sav）和信贷（贷款和透支）作为解释变量来预测因变量产出（GDP）的结果。数据来源于CBN统计公报，2011，使用IBM SPSS statistics 20进行回归估计。研究结果表明，尽管尼日利亚的金融中介和产出之间存在正增长关系，但也存在负短期增长关系的因素，特别是在遭受全球金融危机和众多银行倒闭造成的金融冲击的时期。这些发现可能有助于支持现有的研究成果，并将与监管当局制定能够积极促进金融中介和经济产出增长的政策有关。
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.