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

Empirical Economic Review

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ISSN 2522-2465
2415-0304
 
Authentication Code dc
 
Title Statement The Dynamic Impacts of Idle Cash on Economic Growth in Nigeria (1985 – 2018)
 
Added Entry - Uncontrolled Name Sakanko, Musa Abdullahi
Ijoko, Abubakar
Mohammed, Inuwa Yaqoub
Assistant Lecturer, Department of Economics, Faculty of Social Sciences, University of Jos, Plateau State, Nigeria
Assistant Lecturer, Department of Economics, University of Army Biu, Borno State, Nigeria
Senior Education Officer, Bauchi State Ministry of Education, Bauchi State, Nigeria
 
Summary, etc. 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.
 
Publication, Distribution, Etc. Department of Economics - University of Management and Technology
 
Electronic Location and Access application/pdf
https://ojs.umt.edu.pk/index.php/eer/article/view/246
 
Data Source Entry Empirical Economic Review; Vol 2 No 2 (2019): Winter 2019
 
Language Note eng
 
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