Please use this identifier to cite or link to this item: https://library.cbn.gov.ng:8443/jspui/handle/123456789/374
Full metadata record
DC FieldValueLanguage
dc.contributor.authorUmoh, P.N.-
dc.date.accessioned2018-10-16T14:16:43Z-
dc.date.available2018-10-16T14:16:43Z-
dc.date.issued2011-12-
dc.identifier.citationUmoh, P. N. (2011). Financial sector development and economic growth: a theoretical exposition. Economic and Financial Review, 49(4), 13-25.en_US
dc.identifier.issn1957-2968-
dc.identifier.urihttp://library.cbn.gov.ng:8092/jspui/handle/123456789/374-
dc.description.abstractThe various literature and studies reviewed in this exposition have underscored the positive impacts of a developed financial sector on an economy. Whilst a few studies showed that finance follows growth, the majority opinion is that finance leads growth. Unfortunately, growth has not led to economic development in many developing economies, necessitating intervention by such bodies as the United Nations, International Labour Organization and United Nations Development Programme. Economists are equally concerned about this development and have, therefore, conducted studies to show the relationship between economic growth and poverty alleviation. They generally agreed that growth is good for poverty reduction. The objective of this paper is to examine some of the major studies to derive some theoretical basis for the relationship between financial sector development and economic growth. Furthermore, the paper examines some topical issues in financial sector development as well as share thoughts on the seeming aberration that economic growth fails to lead to economic development in many developing economies. The paper is organised in five sections. Following this introduction, major issues in financial sector development are reviewed in Section 2, while Section 3 highlights major studies and findings in respect of the relationship between financial sector development and economic growth. Section 4 reviews some related literature on growth and development. The paper is concluded in section 5.en_US
dc.description.sponsorshipCentral Bank of Nigeriaen_US
dc.language.isoenen_US
dc.publisherCentral Bank of Nigeria, Research Department.en_US
dc.relation.ispartofseriesVol. 49;No. 4-
dc.subjectEconomic growth,en_US
dc.subjectFinancial sector development,en_US
dc.subjectDeveloping economies,en_US
dc.subjectCentral Bank of Nigeria.en_US
dc.titleFinancial sector development and economic growth: a theoretical exposition.en_US
dc.typeArticleen_US
Appears in Collections:Economic and Financial Review

Files in This Item:
File Description SizeFormat 
Financial Sector Development and Economic Growth-A Theoretical Exposition.pdf673.8 kBAdobe PDFThumbnail
View/Open


Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.

Admin Tools