2022
DOI: 10.31039/jgeb.v3i10.51
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The impact of banking and capital market financial inclusion on economic development in Nigeria

Abstract: The study investigates the relationship between financial inclusion and economic development in Nigeria between 2003 and 2020 using the human development index (HDI) and variables from banking and the capital market. A separate model was specified for each of the industries in the financial sector. The econometric techniques employed include the ADF unit root test, ARDL bounds test, and Error correction model. The summary of the findings indicates the existence of a long-run relationship between HDI and capita… Show more

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Cited by 3 publications
(3 citation statements)
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“…It involves providing formal financial services such as basic bank accounts, credit, insurance, and payment services to marginalized and economically disadvantaged individuals at affordable costs and the right time (Ren et al, 2023). Financial inclusion is further defined as the extent to which households and firms can access and utilize formal financial services (Abdullahi & Oladipo, 2022).…”
Section: Results and Discussion Concept Of Financial Inclusion And Ec...mentioning
confidence: 99%
“…It involves providing formal financial services such as basic bank accounts, credit, insurance, and payment services to marginalized and economically disadvantaged individuals at affordable costs and the right time (Ren et al, 2023). Financial inclusion is further defined as the extent to which households and firms can access and utilize formal financial services (Abdullahi & Oladipo, 2022).…”
Section: Results and Discussion Concept Of Financial Inclusion And Ec...mentioning
confidence: 99%
“…Over the years, the Nigerian capital market has witnessed relative stability and also recorded impressive growth. This has positioned it to positively impact the economy (Abdullahi, 2005) [1] .…”
Section: Impact Of Capital Market On Economic Growth Of Nigeriamentioning
confidence: 99%
“…Therefore, detecting research gaps and advancing relevant research questions by reviewing the previous notable scholars' published journals on these topics to help in understanding how to assess financial inclusion from internally generated revenue through student-staff partnerships toward entrepreneurial ventures in Nigerian universities This study procedure will guarantee adding to the body of knowledge, enhances the scholarly discussion, and propositions sensitivities that can assist policymakers, educators, and other stakeholders in fostering financial inclusion and creative entrepreneurial ventures in the Nigeria University system (Abdullahi & Abdu, 2019). It is therefore necessary to identify some potential gaps that frequently exist in the literature.…”
Section: Introductionmentioning
confidence: 99%