Abstract:
This paper investigates the impact of loanable funds market on economic growth in Nigeria. Data from 2001 – 2015 were used. This was obtained from CBN bulletin and Bureau of Statistics. The analysis was done using multiple regressions. The growth in line with a priori expectation. The study also affirms a positive relationship between interest rate and economic growth. The coefficient of determination R2 is 95.7% while the Durbin Watson statistic of 2.25 shows minimal level of autocorrelation. It was recommended that government should occasionally supply funds to meet up the high demand which cannot be met by DMB in order to step down the high demand which cannot be met by ground loan facilities desirable for rural dwellers.
Key words: Loanable funds, money market, demand and supply
Ahmed Tanko, A. & Aime, E (2019). An Empirical Assessment of Loanable Funds Market in Nigeria (2001 – 2015). Afribary. Retrieved from https://afribary.com/works/an-empirical-assessment-of-loanable-funds-market-in-nigeria-2001-2015
Ahmed Tanko, Aliyu, and Emmanuel Aime "An Empirical Assessment of Loanable Funds Market in Nigeria (2001 – 2015)" Afribary. Afribary, 17 Aug. 2019, https://afribary.com/works/an-empirical-assessment-of-loanable-funds-market-in-nigeria-2001-2015. Accessed 25 Apr. 2024.
Ahmed Tanko, Aliyu, and Emmanuel Aime . "An Empirical Assessment of Loanable Funds Market in Nigeria (2001 – 2015)". Afribary, Afribary, 17 Aug. 2019. Web. 25 Apr. 2024. < https://afribary.com/works/an-empirical-assessment-of-loanable-funds-market-in-nigeria-2001-2015 >.
Ahmed Tanko, Aliyu and Aime, Emmanuel . "An Empirical Assessment of Loanable Funds Market in Nigeria (2001 – 2015)" Afribary (2019). Accessed April 25, 2024. https://afribary.com/works/an-empirical-assessment-of-loanable-funds-market-in-nigeria-2001-2015