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The Dynamic Impacts of Idle Cash on Economic Growth in Nigeria (1985 – 2018)

Author

Listed:
  • Sakanko, Musa Abdullahi

    (University of Jos, Nigeria)

  • Ijoko, Abubakar

    (University or Army Biu, Nigeria)

  • Mohammad, Inuwa Yaqoub

    (Bauchi State Ministry of Education, Nigeria)

Abstract

The study investigated the dynamic effect of idle cash on economic growth in Nigeria from 1985 to 2018 employing a mixed methodology. The qualitative result revealed that political affluence, social status, treasury single account, asset declaration, biometric verification number, whistle-blower programme, and the empowering operation of economic and financial crime commission for anti-corruption crusade determine idle cash in Nigeria. On the other hand, the quantitative result revealed that idle cash has an inverse effect on economic growth in the short run. However, the long run result revealed a positive, and statistically significant effect on the economic growth, and it was found that idle cash Granger causes economic growth. We recommend that the government should provide a policy regulation framework that will regulate, track and checkmate the superfluousness of idle cash.

Suggested Citation

  • Sakanko, Musa Abdullahi & Ijoko, Abubakar & Mohammad, Inuwa Yaqoub, 2019. "The Dynamic Impacts of Idle Cash on Economic Growth in Nigeria (1985 – 2018)," Empirical Economic Review, Department of Economics and Statistics, Dr Hassan Murad School of Management, University of Management and Technology, Lahore, vol. 2(2), pages 33-52.
  • Handle: RePEc:ris:empecr:0018
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    More about this item

    Keywords

    ARDL model; Idle Cash;

    JEL classification:

    • C25 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Discrete Regression and Qualitative Choice Models; Discrete Regressors; Proportions; Probabilities
    • C32 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes; State Space Models
    • G29 - Financial Economics - - Financial Institutions and Services - - - Other
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence

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