The focus of this study is on the assessment on the effect of interest rate on Economic Growth of Nigeria. The study adopted an Error-Correction Mechanism to test for the short – and long – run relationships among the saving deposit, real interest rate and inflation, ECM is negative and further test of Granger causality indicates that there is a causal relationship between SD and GDP and a unidirectional relationship exists between SD and GDP. Therefore Savings deposit causes Gross domestic product. The study recommends that policies which would boost the saving accumulation in Nigeria that will increase Capital Formation are necessary for economic growth. This will also enhance lending to the real sector of the economy for productive economic activities. This could be done by increasing the deposit rate which would lure the people to deposit their money in banks thereby increasing the supply of loanable funds. This would lead to a fall in interest rate and eventually rise in investment.
Total Reviews: 0
Price:$9.99
March 2020 (International Review of Business Research Papers) → Ethical Factors Affecting the Financial Market: A Study from Bangladesh Perspectives
September 2016 (Journal of Modern Science and Technology) → Cost Effective Decisions on Service Rate at a Customer Care Centre with Multi-Server Queuing Model
September 2017 (International Review of Business Research Papers) → Remittance, Exchange Rate and Dutch Disease: The Case of Bangladesh
$9.99
July 2015 (Journal of Business and Policy Research) → Perceived Importance of Defensive Marketing Strategies Before and After Competitor Entry: Does Nationality Matter?
$9.99
March 2015 (World Journal of Management) → Characteristics of Community Entrepreneurs in Chiangmai, Thailand
$9.99
Reviews
There are no reviews yet.