SWAPPING SCALE VARIATION AND MONETARY DEVELOPMENT IN NIGERIA

Abstract

The paper analyzed conversion scale variation and financial development in Nigeria from 1981-2018. The particular targets of the paper were to; analyze the effect of conversion scale minor departure from financial development in Nigeria; and decide the effect of conversion scale on monetary development in Nigeria. To accomplish the targets, auxiliary information obtained from CBN measurable release was utilized and the procedure of ARDL was applied. The stationarity test through ADF showed that every one of the factors were fixed earlier further assessments to forestall bogus relapses results. The mistake revision term in the model has the right regrettable sign and genuinely huge at 5% traditional level with the speed of change at 64.88%. The R2 worth of 66%, showed that the model is a solid match. The ARDL short run outcomes showed that conversion standard variation essentially affected financial development. Also, conversion standard altogether affected financial development.