Unraveling the relationship between trade openness, economic growth, and financial development in Nigeria
Purpose — This study examines the impact of trade liberalization and economic growth on financial development and suggests policies to enhance financial stability. Method — The study utilizes an Autoregressive Distributed Lag Model to analyze the presence of co-movement within the context of trade...
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| Format: | Article |
| Language: | English |
| Published: |
Universitas Islam Negeri (UIN) Mataram, Faculty of Islamic Economics and Business
2023-09-01
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| Series: | Journal of Enterprise and Development |
| Subjects: | |
| Online Access: | https://journal.uinmataram.ac.id/index.php/jed/article/view/7651 |
| _version_ | 1797670920736735232 |
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| author | Esther Olayinka Atoyebi Isiaq Olasunkanmi Oseni Jimoh Sina Ogede Soliu Bidemi Adegboyega |
| author_facet | Esther Olayinka Atoyebi Isiaq Olasunkanmi Oseni Jimoh Sina Ogede Soliu Bidemi Adegboyega |
| author_sort | Esther Olayinka Atoyebi |
| collection | DOAJ |
| description |
Purpose — This study examines the impact of trade liberalization and economic growth on financial development and suggests policies to enhance financial stability.
Method — The study utilizes an Autoregressive Distributed Lag Model to analyze the presence of co-movement within the context of trade openness and economic growth on financial development in Nigeria. Additionally, the technique allows for a dynamic assessment of the short and long term.
Result — Our findings for Nigeria spanning from 1990 to 2021 demonstrate a positive long-term relationship between trade openness and financial expansion, while economic growth has a negative short-term impact on financial expansion.
Contribution — This study contributes to the frontier of knowledge by uncovering the interplay among Nigeria's trade openness, economic prosperity, and financial development, which has been overlooked. Additionally, it offers insights into the specific dynamics and mechanisms operating within the Nigerian context by scrutinizing relevant economic indicators.
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| first_indexed | 2024-03-11T21:07:48Z |
| format | Article |
| id | doaj.art-69c0aca89c2544b491b6197ecb633bbf |
| institution | Directory Open Access Journal |
| issn | 2715-3118 2685-8258 |
| language | English |
| last_indexed | 2024-03-11T21:07:48Z |
| publishDate | 2023-09-01 |
| publisher | Universitas Islam Negeri (UIN) Mataram, Faculty of Islamic Economics and Business |
| record_format | Article |
| series | Journal of Enterprise and Development |
| spelling | doaj.art-69c0aca89c2544b491b6197ecb633bbf2023-09-29T10:24:55ZengUniversitas Islam Negeri (UIN) Mataram, Faculty of Islamic Economics and BusinessJournal of Enterprise and Development2715-31182685-82582023-09-016110.20414/jed.v6i1.7651Unraveling the relationship between trade openness, economic growth, and financial development in NigeriaEsther Olayinka Atoyebi0Isiaq Olasunkanmi Oseni1Jimoh Sina Ogede2Soliu Bidemi Adegboyega3Olabisi Onabanjo University, NigeriaOlabisi Onabanjo University, NigeriaOlabisi Onabanjo University, NigeriaOlabisi Onabanjo University, Nigeria Purpose — This study examines the impact of trade liberalization and economic growth on financial development and suggests policies to enhance financial stability. Method — The study utilizes an Autoregressive Distributed Lag Model to analyze the presence of co-movement within the context of trade openness and economic growth on financial development in Nigeria. Additionally, the technique allows for a dynamic assessment of the short and long term. Result — Our findings for Nigeria spanning from 1990 to 2021 demonstrate a positive long-term relationship between trade openness and financial expansion, while economic growth has a negative short-term impact on financial expansion. Contribution — This study contributes to the frontier of knowledge by uncovering the interplay among Nigeria's trade openness, economic prosperity, and financial development, which has been overlooked. Additionally, it offers insights into the specific dynamics and mechanisms operating within the Nigerian context by scrutinizing relevant economic indicators. https://journal.uinmataram.ac.id/index.php/jed/article/view/7651financial developmentARDLtrade opennesseconomic growth |
| spellingShingle | Esther Olayinka Atoyebi Isiaq Olasunkanmi Oseni Jimoh Sina Ogede Soliu Bidemi Adegboyega Unraveling the relationship between trade openness, economic growth, and financial development in Nigeria Journal of Enterprise and Development financial development ARDL trade openness economic growth |
| title | Unraveling the relationship between trade openness, economic growth, and financial development in Nigeria |
| title_full | Unraveling the relationship between trade openness, economic growth, and financial development in Nigeria |
| title_fullStr | Unraveling the relationship between trade openness, economic growth, and financial development in Nigeria |
| title_full_unstemmed | Unraveling the relationship between trade openness, economic growth, and financial development in Nigeria |
| title_short | Unraveling the relationship between trade openness, economic growth, and financial development in Nigeria |
| title_sort | unraveling the relationship between trade openness economic growth and financial development in nigeria |
| topic | financial development ARDL trade openness economic growth |
| url | https://journal.uinmataram.ac.id/index.php/jed/article/view/7651 |
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