Sukuk Financing and Sustainable Economic Growth in Nigeria
ナイジェリアにおけるスクーク・ファイナンスと持続可能な経済成長 (AI 翻訳)
Gbidum Sunday Tote, PhD, Mamman Suleiman, PhD
🤖 gxceed AI 要約
日本語
本研究は、2013年第1四半期から2024年第4四半期までのナイジェリアの連邦、地方政府、企業のスクーク発行が持続可能な経済成長に与える影響をARDLモデルで分析。全タイプのスクークがGDP成長に正の影響を与え、長期均衡への迅速な調整が確認された。政策提言として、スクーク発行の制度化と持続可能性目標との整合を推奨。
English
This study analyzes the impact of Sukuk financing (sovereign, sub-national, corporate) on sustainable economic growth in Nigeria from Q1 2013-Q4 2024 using ARDL. All Sukuk types positively influence GDP growth with rapid adjustment to long-run equilibrium. Policy recommendations include institutionalizing issuance and aligning with sustainability objectives.
Unofficial AI-generated summary based on the public title and abstract. Not an official translation.
📝 gxceed 編集解説 — Why this matters
In the global GX context
This paper contributes to the global discussion on sustainable finance by providing empirical evidence from a frontier market, but it does not specifically address climate disclosure or decarbonization. It may interest researchers in Islamic finance and development economics, but its direct relevance to corporate sustainability teams or policymakers focused on GX is limited.
👥 読者別の含意
🔬研究者:Empirical evidence on Sukuk's macroeconomic impact in Nigeria, relevant for those studying Islamic finance and sustainable development.
🏛政策担当者:Insights on using Sukuk as a counter-cyclical tool for infrastructure finance, but lacking specific green criteria.
📄 Abstract(原文)
This study investigates the impact of Sukuk financing on sustainable economic growth in Nigeria, focusing on FGN, sub-national, and corporate Sukuk from Q1 2013 to Q4 2024. Using secondary data from the SEC Nigeria, Federal Government securities reports, NBS, World Bank, and IMF, the study applies the Autoregressive Distributed Lag (ARDL) approach to capture both short- and long-run dynamics. Empirical results reveal a long-run cointegrating relationship, with all Sukuk types positively and significantly influencing GDP growth. The negative and significant error correction term suggests rapid adjustment to long-run equilibrium, highlighting Sukuk’s role as a counter-cyclical financing tool. Diagnostic tests confirm the robustness and stability of the model. The findings underscore Sukuk’s potential to mobilize capital, finance infrastructure, and support sustainable economic development. Policy recommendations include institutionalizing federal Sukuk issuance, strengthening sub-national frameworks, promoting corporate Sukuk, and aligning issuances with sustainability objectives.
🔗 Provenance — このレコードを発見したソース
- semanticscholar https://doi.org/10.47191/ijmei/v12i4.02first seen 2026-05-15 21:10:49 · last seen 2026-06-16 05:18:04
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