Financial Globalization: Economic Implications for Nigeria

Awoyemi, Bosede Olanike; Jabar, Adebola Abass

doi:10.9790/0837-1943113117

Cited by 3 publications

(2 citation statements)

References 5 publications

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“…Summary of reviewed empirical studies Parfait, et al, (2022);Shahbaz, et al, (2021); Van et al, (2021); Bryan & Can, (2020);Nasreem, et al, (2020);Taghizadeh-Hesary, et al, (2019); Adesoye, et al, (2015); Law, et al, (2015); Nwakanma & Ibe (2014); Awoyemi, et al, (2014); De Nicolo & Juvenal (2014); Okpokpo, et al, (2014); Omolade, et al, (2013) 13…”

Section: Tablementioning

confidence: 99%

Globalization and Financial Development in Africa

Lotsi,

Muritala,

Akande

et al. 2024

J. Professional Business Review

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Objective: Given the relevance of globalization on the integration of a country to the global economy and financial development, it is important to investigate the concept of globalization and evaluating the relationship between their determinants. Method: this study adopts qualitative techniques to examine the conceptual inter-relationship and the theoretical and empirical analysis of globalization and financial development from 2013 to 2023 using groupings based on the findings from the various samples articles that met the selection criteria of the dimensions of the concepts. On the other hand, this study adopts quantitative techniques to examine the relationship and causal effects of globalization dimension on financial development using some selected economies (developed and developing) for a period of 5 years (i.e. 2017 – 2021). Results: The finding of this study reveals that several studies have been conducted in relation to globalization and financial development, but at a decreasing rate which is against the expected results. Also, despite the increasing role of socio-economic variables of international crises, exchange rate and interest rate in financial development of economies, majority of the literatures have not shown sufficient interest as the few available reveal inconsistence in the relationship and causal effects of the variables. However, empirically, this study reveals that foreign direct investment, trade openness, exchange rate and interest rate but international crises have causal effect on financial development. Conclusion: This study therefore concludes that despite there are no convenient and consistent understandings, globalization has effect on financial development.

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Section: Tablementioning

confidence: 99%

Globalization and Financial Development in Africa

Lotsi,

Muritala,

Akande

et al. 2024

J. Professional Business Review

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“…The use of different sub-sectors of transport infrastructure in a multivariate structure 6 helps us to capture the multidimensional aspects of transport infrastructure. However, this may create problems like 5 See, Stephan (2000), Khadaroo and Seetanah (2008), Nwakwze and Mulikat (2010), Bosede et al (2013), Tong et al (2014), andWessel (2019). 6 The regression coefficient in a multivariate structure measures the partial out effect of each independent variable on the dependent variable (Das, 2019, pp.…”

Section: Introductionmentioning

confidence: 99%

Revisited the Relationship between Economic Growth and Transport Infrastructure in India: An Empirical Study

Ghosh¹,

Dinda²

2023

SSRN Journal

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Financial Globalization, Economic Growth and Sustainable Development in Emerging Economy

Olunuga¹

2022

Economic Profile

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This research analysed the impact of globalisation on Nigeria's economic growth and sustainable development. Financial globalisation has paved the opportunity for corporations and governments to get access to competitive sources of foreign funds. Rather than depending on investors in the domestic financial markets corporate entities and governments can take advantage of international investors in the global financial markets for essential money. The research utilised time series data. Data pertaining to economic growth and development were analysed utilising pertinent statistical data analysis methodologies. According to the research completed, it can be stated that financial globalisation influences economic growth and sustainable development in Nigeria. Due to access to external sources of capital, the study concluded that stringent regulation and strong policies on the part of regulators are required to sustain the benefits of financial globalisation.

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Financial Globalization: Economic Implications for Nigeria

Cited by 3 publications

References 5 publications

Globalization and Financial Development in Africa

Globalization and Financial Development in Africa

Revisited the Relationship between Economic Growth and Transport Infrastructure in India: An Empirical Study

Financial Globalization, Economic Growth and Sustainable Development in Emerging Economy

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