Journal ArticleDOI
Relevance of Financial Sector Development on Real Sector Productivity: 21 st Century Evidence from Nigerian Industrial Sector
TLDR
In this paper, the authors examined the relevance of financial sector development on real sector productivity in the 21st century and found that there is a strong linear relationship between the financial sector and real sector because the coefficient of multiple determinations is relatively high.Abstract:
This study focuses on the Nigerian industrial sector to examine the relevance of financial sector development on real sector productivity in the 21 st century. The model adapts the financial sector development measures used in King and Levine (1993) as predictors of industrial sector production output. Estimating the model with Ordinary Least Square (OLS) method, the study reveals that there is a strong linear relationship between the financial sector and real sector because the coefficient of multiple determinations is relatively high; thus suggesting that financial sector development is crucial for real sector productivity.read more
Citations
More filters
Posted Content
Theory of Economic Development (Pyramids of Economic Development)
Aasim Mashkoor,Ovais Ahmed +1 more
TL;DR: In this paper, the hypothesis concern to seriously influence on private investments in economic factors which are, therefore mainly discussed in researches, human development, awareness of education, infrastructure of economic reforms, trade and industrial expansions.
An overview of the current banking sector reforms and the real sector of the Nigerian economy
TL;DR: In this paper, the authors discuss the importance of the real sector for a variety of reasons such as: it produces and distributes tangible goods and services required to satisfy aggregate demand in the economy, its performance is a gauge or an indirect measure of the standard of living of the people.
Journal ArticleDOI
Financial development, real sector and economic growth: Evidence from emerging market economies
TL;DR: In this article, the authors examine the effects of both financial development and real sector on economic growth; they choose five emerging market economies to explain the economic growth process between 2000 and 2016.
Understanding the Influence of Human Emotions in Organizations: The Emotional Extent Effects
TL;DR: In this article, the authors explored how employee emotional interactions in the workplace related to organizational performance within 3 multinational companies in Nigeria in a qualitative multiple case study, and the findings have the potential of promoting positive social change because practitioners in leadership and organizational change may use the results of this research to improve the adaptive responses to change.
Journal ArticleDOI
Financial development and real sector in sub-Saharan Africa
TL;DR: In this paper, the authors examined the impact of financial development on the real sector in sub-Saharan Africa and concluded that government expenditure and trade openness contributed to the development of real sector.
References
More filters
Journal ArticleDOI
A Contribution to the Theory of Economic Growth
TL;DR: In this paper, a model of long run growth is proposed and examples of possible growth patterns are given. But the model does not consider the long run of the economy and does not take into account the characteristics of interest and wage rates.
Book
Theory of Economic Development
TL;DR: The theory of economic development was first published in 1911 by Schumpeter as discussed by the authors, who argued that economics is a natural self-regulating mechanism when undisturbed by "social and other meddlers." In his preface he argues that despite weaknesses, theories are based on logic and provide structure for understanding fact.
Journal ArticleDOI
Finance and Growth: Schumpeter Might Be Right
TL;DR: In this paper, the authors examined a cross-section of about 80 countries for the period 1960-89 and found that various measures of financial development are strongly associated with both current and later rates of economic growth.