THE ROLE OF BANK LOAN AND INFORMAL FINANCIAL INSTITUTION FINANCING ON INVESTMENT: EVIDENCE FROM NIGERIA
Journal: American Journal of Economics
Year: 2022

Purpose: This study aimed to identify the effectiveness of bank loan and informal financing of businesses in achieving increased investment. The study also aimed to ascertain if money supply is related to investment.&#x0D; Methodology: This study adopted co-integration with vector error correction and Granger causality technique to investigate the impact of bank loan on investment computed from time series data covering the period of 1982-2019. Furthermore, this study uses logistic regression an