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Nigeria Private Savings Demeanour: Arch/Garch Models Approach
Abstract
The relationship between saving, investment, and growth in Nigeria financial system has historically been very close; hence, the unsatisfactory growth accomplishment of several developing countries like Nigeria has been attributed to poor saving and investment. This poor growth performance has generally led to a dramatic decline in investment. Seven different variables were considered and the empirical results highlight the fact that saving is indeed a residual with the support of the informal sector. The government should pay more attention to that sector since it is the one that gives the loan that can reach the majority users or peasant.
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