ELECTRONIC BANKING AND ECONOMIC GROWTH IN NIGERIA

This research investigates electronic banking and economic growth in Nigeria using data from the
Central Bank of Nigeria (CBN) statistical bulletin spanning from 1990 - 2021. The methodology
employed include: ADF test for unit root, ARDL Bound Test for Co-integration, ARDL, and diagnostic
tests like, Normality test, Stability test, Granger causality test, and hypothesis testing. The unit root test
result shows that the variables are in a mixed order of stationarity, three of the variables are stationary at
a level while two is stationary at first difference. ARDL Bound Test for Co-integration shows that there is
no long-run relationship between the variables in the model. The short-run result, ARDL results indicated
that Automated Teller Machine (ATM), Point of Sale (POS), and Mobile Banking (MOB) exerted a
positive and insignificant impact on gross domestic investment (GDI) in Nigeria during the period under
investigation. The policy implication of this result is that an increase in Automated Teller Machine
(ATM), Point of Sale (POS), and Internet Banking or Internet Banking (WEB) can fuel gross domestic
investment (GDI) in Nigeria both in the short run. Also, Mobile Banking (MOB), exerted a negative
relationship with gross domestic investment (GDI), implying that an increase in Mobile Banking (MOB),
is capable of reducing gross domestic investment (GDI) both in the short run. From the Granger
Causality test, it was also observed that ATM and POS have uni-directional causation with GDI, while
WEB and MOB have a bi-directional causation with GDI. The test of the hypothesis shows that
Automated Teller Machine (ATM), Point of Sale (POS), Mobile Banking (MOB), and Web Banking
(WEB) exerted an insignificant impact on Gross Domestic Investment in Nigeria in the short run.
Enhanced internet banking services are recommended, hence, there is a need to improve financial
literacy and access to electronic banking services.

搜集汇总

背景与挑战

背景概述

该数据集是一篇学术文章，研究尼日利亚电子银行与经济增长的关系，使用1990-2021年中央银行统计数据，通过ADF、ARDL等方法分析ATM、POS、移动银行和网络银行对国内总投资的影响。研究发现这些电子银行方式在短期内对投资影响不显著，但ATM和POS与投资有单向因果关系，而网络和移动银行则有双向因果关系。