Fiscal Policy and Financial Depth in Nigeria: An Application of Threshold Regression Modeling
Abubakar Jamilu Baita,
Salisu Garba Abdullahi,
Mansur Muhammad
Abstract:The study examines Nigeria's non-linear relationship between fiscal policy and financial depth. In essence, the study is concerned with the impacts of fiscal deficit, domestic debt, and government expenditure on financial depth. The study uses four indicators of financial deepening: liquid liabilities, credit to the private sector, deposit money banks’ assets and financial system deposits (all indicators are expressed as percent of GDP). In particular, the government is the threshold variable expected to have … Show more
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