Statistical analyzing on the impact of financial deepening on economic growth in Nigeria Department: Mathematics and Statistics By: Klintex001 Project ID: 8069 Rating: (5.0) votes: 1Rate this project12345 Price:₦3000 Get the Complete MaterialAbstractFinancial deepening could be seen as the extent to which financial institutions discharge their financial obligations or deliver their financial products and services. This study examined the effects of financial deepening on the economic growth of Nigeria (2000– 2022). The data was sourced from the Central Bank of Nigeria statistical bulletin. The data were analyzed using the Ordinary Least Square regression method. The findings from the multiple regression analysis show that the model is given as GDP (Y) 6975.027– 0.255X_1 + 4.236X_2 + 17.8486X_3. The result indicates that an increase of 1 unit in Credit to Private Sector results in a decrease in GDP by 0.255 billion. An increase of 1 unit in Broad Money Supply leads to an increase in GDP by 4.236 billion. An increase of 1 unit in the loan-to-deposit ratio results in a GDP increase of 17.85%. It was concluded that among these variables, only the Broad Money Supply has a statistically significant coefficient with a p-value of 0.000, which is less than the 5% significance level. The analysis reveals a complex relationship between financial indicators and GDP. Specifically, increasing the broad money supply significantly boosts GDP, while increased credit to the private sector is associated with a decrease in GDP. The loan-to-deposit ratio also shows a positive relationship with GDP, though its significance is not confirmed. The study therefore recommends that given its significant positive impact on GDP, policies should be designed to manage and possibly increase the broad money supply to stimulate economic growth....Preview Download Preview +Other Mathematics and Statistics project topics and materials you might be interested in»Statistical Quality Control of Premier Soap in Soap Manufacturing Industry ( A Case Study of PZ Cusson PLC Aba Abia State)»Statistical analysis of students’ height and weight (case study of federal polytechnic Nekede, Owerri, Imo state) »Statistical analysis of unemployment rate among age groups and geographical locations in Nigeria»Statistical analysis of the problems associated with skill acquisition in Nigeria (a case study of male tailors in Imo state)»Application of linear programming technique to profit maximization in the production of soap (a case study of Promotex industrial and chemical company limited, Nnewi, Anambra state) »Statistical analysis of foster care and adoption rate in Abia state (a case study of motherless babies home Ahiaeke, Umuahia)»Determination of nutritional status of children within the ages of four (4) to ten (10) years using their body mass index (BMI)»Time series analysis on marriage registration in Ilorin, Kwara state»Statistical analysis on impact of parental hood on academic performance»Application of multiple queuing model in evaluating the efficiency of service in UBA bank»Econometrics analysis of gross national income on consumption expenditure of federal republic of Nigeria between (2011)»Determinant of foreign direct investment in Nigeria and its effect on Nigerian economy: an empirical analysis»Statistical analysis of factors affecting crime in Imo state»A statistical analysis of coal production in Nigeria - a case study of Nigeria coal corporation from 2000-2009»Statistical analysis on academic performance of students in Federal Polytechnic Offa