Effect of Deposit Money Banks' Credit on the Performance of Micro, Small and Medium Enterprises in Nigeria
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Date
2013-06
Journal Title
Journal ISSN
Volume Title
Publisher
Research Department, Central Bank of Nigeria.
Abstract
This paper set out to empirically evaluate the effect of deposit money banks' credit on the performance of MSMEs in Nigeria, with the aid of a vector autoregression and error correction mechanism (ECM) technique. Results of the empirical investigation confirmed credit had a positive effect on GDP of MSMEs in Nigeria as the coefficient of CAM (credit to MSMEs) was positive (1.0569) and significant at 1.0 per cent level. It was, therefore, recommended that every effort should be made to improve access to credit by MSMEs, so that they could play their potential roles of employment generation and wealth creation and move the majority of the entrepreneurs out of poverty.
Description
Keywords
Micro, small and medium enterprises,, Economic development,, Finance,, Credit,
Citation
Evbuomwan, G. O., Okoruwa, V. O., & Ikpi, A. E. (2013). Effect of Deposit Money Banks' Credit on the Performance of Micro, Small and Medium Enterprises in Nigeria. Economic and Financial Review, 51(2), 63–91.