Effectiveness of selective credit policies : alternative framework of evaluation

Consequent upon the general criticisms of the conventional approaches used in evaluating the effectiveness of selective credit controls, we have suggested other approaches. The most emphasized of these is then applied to qouarterly data for Nigeria over the period of 1970-71 to 1982-83. The focus is on the selective credit controls on export supply, import demand, manufacturing production and mining production. The controls are found to be effective in influencing only manufacturing production. (DSE)