Bibliographie sélective OHADA

This study examines the development of mortgage finance in Nigeria and its impact on economic growth. Aggregate housing finance data for by both banks and non-financial institutions was used to measure housing finance. Other variables considered include financial debt proxy by M2Per capita, financial instability proxy Interest rate and the level of development of the capital market measured by market capitalization. Time series data covering the period 1990-2016 was obtained from Central Bank statistical bulletin, National Bureau of Statistic and World Bank. The methodology adopted in the study is Vector Autoregressive Model (VAR) was estimated using linear regression method. The results of the analysis indicated that there is a one-way causal link runs from mortgage finance to economic growth. In addition, mortgage finance was found to be a significant determinant of increasing pattern of economic growth over a long period of time. Due to the level of the country’s financial depth, it was recommended that Nigerian government should intensify effort aimed at consolidating the level of financial re-structuring in the non-financial sector which mortgage financing belong. The central bank should make a policy stipulating commercial banks to set aside certain proportion of their total assets to finance housing demands.