Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/214893
Authors: 
Iwegbu, Onyebuchi
Year of Publication: 
2020
Citation: 
[Journal:] Bullion [ISSN:] 0331-7919 [Volume:] 44 [Issue:] 1 [Pages:] 17-26
Abstract: 
This study examines the indirect effect of pension fund on economic growth in Nigeria through the financial system. Using Autoregressive Distributive Lag (ARDL) model, the study found out that pension fund contribution is effective in stimulating growth through investment in portfolios that yield short term returns; this implies that pension fund contribution cannot on its own without a credible financial system impact on economic growth. The policy implication of this study is for Pension Fund Administrators (PFAs) to invest in portfolios with short-term returns; thus, a large chunk of funds invested in federal government securities should be unbundled to other portfolios that yield shortterm returns.
Subjects: 
Pension Funds
Financial Development
Economic Growth
Autoregressive Distributed Lag Model (ARDL)
JEL: 
G23
G11
Document Type: 
Article
Document Version: 
Published Version

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