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Global Journal of Management and Business Research
Finance
Volume 13 Issue 9 Version 1.0 Year 2013
Type: Double Blind Peer Reviewed International Research Journal
Publisher: Global Journals Inc. (USA)
Online ISSN: 2249-4588 & Print ISSN: 0975-5853
An Empirical Analysis of Trends in Financial Intermediation
and Output in Nigeria
By Andrew O Agbada & Osuji C.C.
Delta State University, Nigeria
Abstract - Financial Intermediation, as a process involves the transformation of mobilized deposits
liabilities by financialintermediaries such as banks into bank assets or credits such as loans and overdraft.
This paper seeks to analyze empirically the trends in Financial Intermediation and Output (GDP) in Nigeria
from the banking crises period beginning from 1981 to 2011. In doing so, the study used the endogenous
components of financial intermediation such as Demand Deposits (DD), Time/Savings deposits (T/Sav)
and Credits (Loans and Overdraft) as explanatory variables to predict the outcome of our dependent
variable Output (GDP). Data were sourced from CBN statistical Bulletin, 2011 and regression estimation
was carried out using IBM SPSS statistics 20. The findings suggests that though there exist a positive
growth relationship between financial intermediation and output in Nigeria, there also exist elements of
negative short-run growth relationship, especially for the periods that suffered financial shocks resulting
from the global financial crisis and perhaps, numerous bank failures. These findings may serve to buttress
existing research outcomes and will be relevant to regulatory authorities in formulating policies that are
capable of positively enhancing financial intermediation and output growth in the economy.
Keywords : financial intermediation, output (GDP), demand deposit, time and savings deposit, bank
credits, nigeria.
GJMBR-C Classification : JEL Code: G01, F65
AnEmpiricalAnalysisofTrendsinFinancialIntermediationandOutputinNigeria
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