I. G. Okafor

Does Financial Innovation Drive Growth? Empirical Analysis of the Nigerian Case

I. G. Okafor, Ezeaku Hillary Chijindu & Anyalechi Kenneth Chikezie · Journal of Economics, Management and Trade · 2017

The goal of this study is to examine the effectiveness of financial innovation in driving growth in Nigeria using quarterly data from 2009:Q1-2014:Q4. The Least Squares (Gauss-Newton/Marquardt steps) based on vector autoregressive (VAR) system was used to estimate our system mode...

Open access Research Article 10.9734/BJEMT/2017/30809

Re-examining the Inflation and Output Relation in Nigeria: A Multivariate Analytical Evaluation, 1960-2014

I. G. Okafor, J. U. J. Onwumere & Ezeaku Hillary Chijindu · Asian Research Journal of Arts & Social Sciences · 2017

The link between inflation and total production has been widely reviewed with mixed results and differing opinions. In the case of Nigeria, we have strengthened on the coverage period and the quantitative techniques of analysis in other to overcome some limitations in previous st...

Open access Research Article 10.9734/ARJASS/2017/30810

Financial Deepening Indicators and Economic Growth in Nigeria: A Causality and Impact Analysis

I. G. Okafor, J. U. J. Onwumere & Ezeaku Hillary Chijindu · Asian Journal of Economics, Business and Accounting · 2016

This paper is a causality and impact study on financial deepening and economic growth in Nigeria for a-33-year period covering 1981 – 2013. The study used the Phillips-Peron test for unit root to ascertain whether the variables are stationary or not. The VEC residual normality te...

Open access Research Article 10.9734/AJEBA/2016/29411