Determinants of Gross Domestic Savings in Nigeria

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dc.contributor.authorABDULMUMIN, Biliqees A
dc.contributor.authorOLANIYAN, Temitayo O
dc.contributor.authorBAMIGBADE, Dayo
dc.date.accessioned2021-11-01T13:13:48Z
dc.date.available2021-11-01T13:13:48Z
dc.date.issued2020
dc.description.abstractWe examine the long-run and short-run determinants of gross domestic savings in Nigeria over the period 1987 to 2019. The importance of macro-financial characteristics in determining the level of domestic savings. The study employed the ARDL cointegration procedure in the estimation and it confirms the presence of a long-run cointegrating relationship between domestic savings and its determinants. The results show that remittances and financial development are significant financial determinants of gross domestic saving in Nigeria. Other determinants are the growth of real per capita income, age dependency ratio, fiscal deficit, and deposit interest rate. Therefore, these important determinants of saving accumulation in Nigeria should not be ignored by policymakers in formulating capital accumulation policies. This study recommends that the need for government policies aimed at leveraging cash flows to facilitate capital accumulation savings and investment. Moreso, the interest rate policy should take market conditions and public requirements into consideration when determining interest rates. Furthermore, there is the need to create a conducive environment for receiving remittances by promoting financial development.en_US
dc.identifier.issn2635-3679
dc.identifier.urihttps://uilspace.unilorin.edu.ng/handle/20.500.12484/6815
dc.language.isoenen_US
dc.publisherDepartment of Accountancy, Faculty of Management Sciences , Enugu State University of Science & Technologyen_US
dc.subjectGross Domesticen_US
dc.subjectSavingsen_US
dc.subjectNigeriaen_US
dc.titleDeterminants of Gross Domestic Savings in Nigeriaen_US
dc.typeArticleen_US

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