RE-EXAMINE THE FINANCIAL DEVELOPMENT AND THE COMPOSITION OF INDUSTRIAL GROWTH PUZZLE FROM THE PERSPECTIVE OF BANK PERFORMANCE AND STOCK MARKET DEVELOPMENT
ABSTRACT This work examines the relationship between financial development and industrial growth in Nigeria. It focuses on the impact of stock market and bank deepening variables such as market capitalization, value traded, turnover ratio referred to as Stock Market Development SMD in the study as well as Bank Credit to Private Sector (BCP) to capture bank deepening has on industrial growth of Nigeria. Stock market provides the avenue through which long term ...
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