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

Musa Abdullahi Sakanko (), Abubakar Ijoko () and Inuwa Yaqoub Mohammad ()
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Musa Abdullahi Sakanko: University of Jos, Nigeria
Abubakar Ijoko: University or Army Biu, Nigeria
Inuwa Yaqoub Mohammad: Bauchi State Ministry of Education, Nigeria

Empirical Economic Review, 2019, vol. 2, issue 2, 33-52

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.

Keywords: ARDL model; Idle Cash (search for similar items in EconPapers)
JEL-codes: C25 C32 G29 O47 (search for similar items in EconPapers)
Date: 2019
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