Matches in SemOpenAlex for { <https://semopenalex.org/work/W3208777079> ?p ?o ?g. }
Showing items 1 to 100 of
100
with 100 items per page.
- W3208777079 endingPage "12" @default.
- W3208777079 startingPage "1" @default.
- W3208777079 abstract "Purpose: This paper explores the relationship between financial development and output of the service sector in Nigeria over the period 1981-2019. It presents an analysis of the long-run and short-run impacts of financial development on the performance growth of the service sector, as well as the cointegration between the variables. Approach/Methodology/Design: We test the time series for stationarity using Phillips-Perron and Augmented Dickey-Fuller unit root tests. We adopt the Auto-Regressive Distributed Lag (ARDL) approach to analyze the relationship between financial development and service sector performance in Nigeria. Market capitalization, monetization ratio, and the ratio of credit to the private sector to GDP represent the indicators of financial development. Findings: The results of the study show that market capitalization and monetization ratio have significant positive impacts on service sector output, respectively. However, the effect of credit to the private sector on service sector performance is insignificant and negative. We find no cointegration among the investigated variables; while, the result of the error correction estimation indicates that it takes about two years to restore the long-run equilibrium after a deviation. In light of the findings made, this paper concludes that financial development exerts a significant positive effect on service sector performance in Nigeria. Practical Implications: This study is valuable at this period of economic uncertainties in Nigeria. With input from this paper, policymakers in the public sector via the formulation and implementation of effective policy measures such as fiscal measures can channel the benefits of financial sector development to the service sector to create an enabling business environment for the sector, especially as it concerns the provision of private credit to the sector. Originality/value: Based on literature review, this paper for the first time investigated the link between financial development and the performance of the service sector in Nigeria as defined by the CBN Statistical Bulletin 2019 edition." @default.
- W3208777079 created "2021-11-08" @default.
- W3208777079 creator A5003834301 @default.
- W3208777079 creator A5048539751 @default.
- W3208777079 creator A5069617531 @default.
- W3208777079 creator A5075437484 @default.
- W3208777079 date "2021-09-01" @default.
- W3208777079 modified "2023-09-24" @default.
- W3208777079 title "Responsiveness of Service Sector Growth to Financial Development in Nigeria: Evidence from 1981-2019" @default.
- W3208777079 doi "https://doi.org/10.47631/jareas.v2i3.305" @default.
- W3208777079 hasPublicationYear "2021" @default.
- W3208777079 type Work @default.
- W3208777079 sameAs 3208777079 @default.
- W3208777079 citedByCount "1" @default.
- W3208777079 countsByYear W32087770792021 @default.
- W3208777079 crossrefType "journal-article" @default.
- W3208777079 hasAuthorship W3208777079A5003834301 @default.
- W3208777079 hasAuthorship W3208777079A5048539751 @default.
- W3208777079 hasAuthorship W3208777079A5069617531 @default.
- W3208777079 hasAuthorship W3208777079A5075437484 @default.
- W3208777079 hasBestOaLocation W32087770791 @default.
- W3208777079 hasConcept C10138342 @default.
- W3208777079 hasConcept C121426985 @default.
- W3208777079 hasConcept C134024062 @default.
- W3208777079 hasConcept C136264566 @default.
- W3208777079 hasConcept C138885662 @default.
- W3208777079 hasConcept C139043278 @default.
- W3208777079 hasConcept C139719470 @default.
- W3208777079 hasConcept C145162277 @default.
- W3208777079 hasConcept C147859227 @default.
- W3208777079 hasConcept C149782125 @default.
- W3208777079 hasConcept C151730666 @default.
- W3208777079 hasConcept C159009313 @default.
- W3208777079 hasConcept C162324750 @default.
- W3208777079 hasConcept C193445137 @default.
- W3208777079 hasConcept C195561663 @default.
- W3208777079 hasConcept C204208750 @default.
- W3208777079 hasConcept C2777747085 @default.
- W3208777079 hasConcept C2779137862 @default.
- W3208777079 hasConcept C2780299701 @default.
- W3208777079 hasConcept C2780378061 @default.
- W3208777079 hasConcept C2780602052 @default.
- W3208777079 hasConcept C2780762169 @default.
- W3208777079 hasConcept C2986840890 @default.
- W3208777079 hasConcept C41895202 @default.
- W3208777079 hasConcept C43246008 @default.
- W3208777079 hasConcept C50522688 @default.
- W3208777079 hasConcept C556758197 @default.
- W3208777079 hasConcept C73283319 @default.
- W3208777079 hasConcept C86803240 @default.
- W3208777079 hasConceptScore W3208777079C10138342 @default.
- W3208777079 hasConceptScore W3208777079C121426985 @default.
- W3208777079 hasConceptScore W3208777079C134024062 @default.
- W3208777079 hasConceptScore W3208777079C136264566 @default.
- W3208777079 hasConceptScore W3208777079C138885662 @default.
- W3208777079 hasConceptScore W3208777079C139043278 @default.
- W3208777079 hasConceptScore W3208777079C139719470 @default.
- W3208777079 hasConceptScore W3208777079C145162277 @default.
- W3208777079 hasConceptScore W3208777079C147859227 @default.
- W3208777079 hasConceptScore W3208777079C149782125 @default.
- W3208777079 hasConceptScore W3208777079C151730666 @default.
- W3208777079 hasConceptScore W3208777079C159009313 @default.
- W3208777079 hasConceptScore W3208777079C162324750 @default.
- W3208777079 hasConceptScore W3208777079C193445137 @default.
- W3208777079 hasConceptScore W3208777079C195561663 @default.
- W3208777079 hasConceptScore W3208777079C204208750 @default.
- W3208777079 hasConceptScore W3208777079C2777747085 @default.
- W3208777079 hasConceptScore W3208777079C2779137862 @default.
- W3208777079 hasConceptScore W3208777079C2780299701 @default.
- W3208777079 hasConceptScore W3208777079C2780378061 @default.
- W3208777079 hasConceptScore W3208777079C2780602052 @default.
- W3208777079 hasConceptScore W3208777079C2780762169 @default.
- W3208777079 hasConceptScore W3208777079C2986840890 @default.
- W3208777079 hasConceptScore W3208777079C41895202 @default.
- W3208777079 hasConceptScore W3208777079C43246008 @default.
- W3208777079 hasConceptScore W3208777079C50522688 @default.
- W3208777079 hasConceptScore W3208777079C556758197 @default.
- W3208777079 hasConceptScore W3208777079C73283319 @default.
- W3208777079 hasConceptScore W3208777079C86803240 @default.
- W3208777079 hasIssue "3" @default.
- W3208777079 hasLocation W32087770791 @default.
- W3208777079 hasOpenAccess W3208777079 @default.
- W3208777079 hasPrimaryLocation W32087770791 @default.
- W3208777079 hasRelatedWork W13093986 @default.
- W3208777079 hasRelatedWork W15714492 @default.
- W3208777079 hasRelatedWork W21283893 @default.
- W3208777079 hasRelatedWork W23961704 @default.
- W3208777079 hasRelatedWork W30059107 @default.
- W3208777079 hasRelatedWork W35043565 @default.
- W3208777079 hasRelatedWork W41108490 @default.
- W3208777079 hasRelatedWork W5767731 @default.
- W3208777079 hasRelatedWork W9135300 @default.
- W3208777079 hasRelatedWork W9803664 @default.
- W3208777079 hasVolume "2" @default.
- W3208777079 isParatext "false" @default.
- W3208777079 isRetracted "false" @default.
- W3208777079 magId "3208777079" @default.
- W3208777079 workType "article" @default.