article Open Access
Responsiveness of capital formation to the insurance industry in Nigeria
International Journal of Financial Management and Economics · 2019 · Vol. 2(2) · pp. 01–05
Ebere Ume Kalu✉(University of Nigeria)Agwah Angela Ginika(University of Nigeria)Nwadike Ogoma Augustina
Abstract
Adopting the ordinary Least Square Regression method and measuring the impact of insurance on capital formation in Nigeria, it was found that insurance contributed significantly to capital formation within the period studied. It is evident that the insurance sector contributes largely to the process of financial intermediation which is a veritable instrument for the growth of any economy.
Insurance and Financial Risk ManagementIntermediationOrdinary least squaresCapital (architecture)Capital formationInsurance industryFinancial sectorEconomicsBusinessFinancial intermediaryMonetary economics
Citations
2
FWCI
0.55
field-weighted impact
References
17
Percentile
85%
vs. same field & year
Citations per year
References
Co-Integration and Error Correction: Representation, Estimation, and Testing
Econometrica · 1987 · 31,692 citations
Distribution of the Estimators for Autoregressive Time Series With a Unit Root
Journal of the American Statistical Association · 1979 · 9,000 citations
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