Entrepreneurship

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Entrepreneurship

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Start date: 2020Subject: search.filters.subject.ARDL

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    Financial inclusion and women participation in gainful employment: an empirical analysis of Nigeria
    (Indonesian Journal of Islamic Economics Research, 2020) Musa Abdullahi Sakanko
    The paper examines the effect of financial inclusion on women participation in gainful employment in Nigeria for the period 1980 – 2018, employing the ARDL method. Both in the short run and long-run, the results indicated a positive relationship between financial inclusion and women’s participation in gainful employment. Thus, the paper recommends that the government ensure that financial inclusion barriers are reduced or removed. Reducing or removing will increase women’s participation in economic activities since financial inclusion measures are adjudged as convenient, safe, and prompt. Measures that will enhance private deposit and expansion of more commercial’s banks branch in rural areas to improve women’s access to financial services that discourage the use of informal financial services should be encouraged.
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    Does the mode of financing the budget deficit matter for inflation in Nigeria
    (African Journal of Economic and Management Studies, 2025) Musa Abdullahi Sakanko; Kanang Amos Akims; Stephen Salawu Gana
    Purpose The motivation for this study is to determine whether inflation in Nigeria is driven by the Central Bank’s direct advances and Treasury bills/bonds as modes of financing the budget deficit. Hence, it examines whether the method of deficit financing significantly impacts inflation in Nigeria. Design/methodology/approach Based on the nature of the study and the availability of data in Nigeria, this study employs the ARDL bound test estimation technique to analyse annual time-series data from 1981 to 2021. Findings The ARDL bounds test approach to co-integration revealed a long-run co-integrating relationship between Central Bank advances, Treasury bills/bonds, and inflation in Nigeria. Furthermore, the ARDL results provide evidence of a negative and significant relationship between bonds and inflation in both the short and long run. In contrast, Central Bank advances exhibit a statistically significant direct effect on inflation in the short run and an indirect effect in the long run. Research limitations/implications The study focuses solely on Nigeria, limiting the applicability of the findings to other nations with differing economic structures or fiscal policies. Secondly, while the ARDL bounds testing approach is appropriate for the research context, it may not capture complex nonlinear relationships or structural breaks within the dataset. Lastly, the exclusion of additional potential determinants of inflation, such as external shocks, geopolitical factors, or exchange rate dynamics, could restrict the comprehensiveness of the analysis. Practical implications This study provides empirical evidence supporting the view that, to achieve lower inflation in Nigeria, policymakers should prioritize using bonds to finance the deficit budget, as they have been shown to have a short-and long-term deflationary effect on the economy. Originality/value The novelty of this study lies in categorizing deficit budget financing (Central Bank advances and Treasury bills) and identifying which has the greatest impact on inflation in Nigeria.
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    Do Tax Policies in Nigeria Have Similar Implications for the Manufacturing Sector Output?
    (Etikonomi, 2022) Musa Abdullahi Sakanko; Jeremiah Nshe Manomi; Abubakar Ijoko; Usman Abdulkareem Audu
    The study examines whether tax policies in Nigeria have similar implications on the manufacturing sector’s output during the 1994Q1-2020Q4 period using the ARDL bounds testing approach. The bounds testing result suggests the presence of cointegration between tax policies and the manufacturing sector output. Further, the estimation results demonstrate that company income tax (CIT) and import tax are positively related to manufacturing sector output. In contrast, value-added tax (VAT) has a negative effect on the manufacturing sector output, both in the short- and longterm. In addition, the results of the Granger causality test indicate a unidirectional causal relationship running from tax policies to the manufacturing sector output and not vice versa. Thus, policies and measures are recommended to prioritize the CIT and import tax, review the assortment in the VAT, and ensure accountability and transparency in the tax system.