Multivariate causality between financial depth and economic growth in Nigeria
Jude Okechukwu Chukwu and Cletus Chike Agu
African Review of Money Finance and Banking 2009, pp. 7-21
The study adopts the multivariate VECM to investigate the causality between financial depth and economic growth in Nigeria from 1971 to 2008. The results suggest that financial depth and economic growth have a stable long-run relationship. The study [...]