Please use this identifier to cite or link to this item: http://library.cbn.gov.ng:8092/jspui/handle/123456789/618
Title: Effect of deposit money banks' credit on the performance of micro, small and medium enterprises in Nigeria
Authors: Evbuomwan, G.O
Okoruwa, V.O.
Ikpi, A.E.
Keywords: Micro, Small and Medium enterprises
Financing
Credit
Economic development
Issue Date: Jun-2013
Publisher: Central Bank of Nigeria, Research Department
Citation: Evbuomwan, G.O., Okoruwa,V.O. and Ikpi, A.E. (2013).Effect of deposit money banks' credit on the performance of micro, small and medium enterprises in Nigeria. CBN Economic and Financial Review. 51(2), 63-91
Series/Report no.: Vol. 51;No. 2
Abstract: This paper set out to empirically evaluate the effect of deposit money banks' credit on the performance of MSMEs in Nigeria, with the aid of a vector autoregression and error correction mechanism (ECM) technique. Results of the empirical investigation confirmed credit had a positive effect on GDP of MSMEs in Nigeria as the coefficient of CAM (credit to MSMEs) was positive (1.0569) and significant at 1.0 per cent level. It was, therefore, recommended that every effort should be made to improve access to credit by MSMEs, so that they could play their potential roles of employment generation and wealth creation and move the majority of the entrepreneurs out of poverty.
URI: http://library.cbn.gov.ng:8092/jspui/handle/123456789/618
ISSN: 1957-2968
Appears in Collections:Economic and Financial Review

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