Inflation and Nigerian Investment Growth PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download Inflation and Nigerian Investment Growth PDF full book. Access full book title Inflation and Nigerian Investment Growth by Austin N. Nosike. Download full books in PDF and EPUB format.
Author: Austin N. Nosike
Publisher:
ISBN:
Category :
Languages : en
Pages : 10
Get Book Here
Book Description
This study makes a modest contribution to the debates by empirically analyzing the relationship between Nigeria inflation trend and investment growth (gross fixed capital formation), using time series data from 1980 to 2015, obtained from the World Economic Outlook (WEO) database of the IMF and World Development Indicators (World Data Bank Online Version). It employs the Engle-Granger two step modeling (EGM) procedure to co-integration based on unrestricted Error Correction Model and Pair wise Granger Causality tests. From the analysis, my findings indicate that inflation and gross fixed capital formation are cointegrated in this study. The error correction term of -0.76 is negatively signed and also significant at all conventional level indicating that when the variables wonder away from equilibrium following an exogenous shock, 76 percent of the disequilibrium is corrected after one year. Based on the result of granger causality, the paper concludes that causality exist between the two variables used in this study. Therefore, the policy implication of these findings is that government should adopt various policy measures (both monetary and fiscal) to reduce inflation to an acceptable level because the current inflationary trend in Nigeria is negatively affecting the realization of creativity and manufacturing of commodities with international competitive advantage.
Author: Austin N. Nosike
Publisher:
ISBN:
Category :
Languages : en
Pages : 10
Get Book Here
Book Description
This study makes a modest contribution to the debates by empirically analyzing the relationship between Nigeria inflation trend and investment growth (gross fixed capital formation), using time series data from 1980 to 2015, obtained from the World Economic Outlook (WEO) database of the IMF and World Development Indicators (World Data Bank Online Version). It employs the Engle-Granger two step modeling (EGM) procedure to co-integration based on unrestricted Error Correction Model and Pair wise Granger Causality tests. From the analysis, my findings indicate that inflation and gross fixed capital formation are cointegrated in this study. The error correction term of -0.76 is negatively signed and also significant at all conventional level indicating that when the variables wonder away from equilibrium following an exogenous shock, 76 percent of the disequilibrium is corrected after one year. Based on the result of granger causality, the paper concludes that causality exist between the two variables used in this study. Therefore, the policy implication of these findings is that government should adopt various policy measures (both monetary and fiscal) to reduce inflation to an acceptable level because the current inflationary trend in Nigeria is negatively affecting the realization of creativity and manufacturing of commodities with international competitive advantage.
Author: O. J. Nnanna
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 142
Get Book Here
Book Description
Author: Micah Effiong
Publisher: GRIN Verlag
ISBN: 3346137627
Category : Business & Economics
Languages : en
Pages : 24
Get Book Here
Book Description
Research Paper (undergraduate) from the year 2016 in the subject Economics - Economic Cycle and Growth, grade: A, , language: English, abstract: The study was conducted to evaluate the impact of inflation on economic growth in the context of an emerging market using empirical evidence from Nigeria. Using time series data spanning forty one years (1970-2011) which was obtained from the Central Bank of Nigeria (CBN) statistical bulletin volume 22, and Central Bank of Nigeria official website, the nature of the relationship existing between the focus variables - economic growth (proxied by real Gross Domestic Product, GDP) and inflation rate was explored. The Augmented Dickey Fuller (ADF) and Philip-Perron (PP) tests were used to test for the stationary of the variables while the granger causality test was employed to ascertain the direction of influence between inflation and economic growth in Nigeria. The follow research questions guided this study: What is the trend of inflation in Nigeria? Why have all the policies used unable to reduce inflation rate to an acceptable level? What is the impact of inflation of Nigerian economic growth? Inflation growth has been the macro-economic problem in Nigeria that seems to be intractable over the years; Nigeria government has adopted various measures (both monetary and fiscal policies) to curb or reduce inflation growth to an acceptable level but all these policies seem to have no effects. This gave rise to the following research questions.
Author: Julius Bogunjoko
Publisher:
ISBN:
Category : Investments
Languages : en
Pages : 70
Get Book Here
Book Description
Author: Israel Odubola
Publisher:
ISBN:
Category :
Languages : en
Pages : 15
Get Book Here
Book Description
Economists have recognized inflows of investment as one of the ways to accelerate the pace of growth in emerging economies like Nigeria. This is largely due to the benefits a country stands to gain from inflows of investment. To this end, the study examined the impact of foreign direct investment and domestic investment on economic growth in Nigeria between 1985 and 2015. A model was developed to capture the effect of foreign direct investment, domestic investment, exchange rate and inflation rate on economic growth within the sampled period. Secondary data on these variables were sourced from the CBN Statistical Bulletin and Economic Watch Publications. The model was estimated using the Ordinary Least Square technique via the multivariate regression analysis. Results revealed that foreign direct investment has not contributed significantly to economic growth in Nigeria. Furthermore, it was equally discovered that domestic investment adversely affected growth within the period. The study therefore suggested that particularly vital for investment is macroeconomic stability and consistent policies. A good macroeconomic record includes high growth, a single-digit inflation rate, low rate of interest and relative stability in the real exchange rate. It is also important to have consistent and stable policies in order to engender confidence in economic agents and assure investors that government policies are credible and predictable.
Author: Adeolu B. Ayanwale
Publisher:
ISBN:
Category : Investments, Foreign
Languages : en
Pages : 56
Get Book Here
Book Description
Author: Ojetunji Aboyade
Publisher: New York : Praeger
ISBN:
Category : Investments
Languages : en
Pages : 402
Get Book Here
Book Description
Nigeria. Investment and its influence on economic growth. National level economic planning, the conflict of centralization versus decentralization, and social change. References. Bibliography pp. 291 to 366.
Author: DR CHRISTOPHER ULUA. KALU
Publisher:
ISBN:
Category :
Languages : en
Pages : 17
Get Book Here
Book Description
The slow economic growth rate experienced by most developing countries including Nigeria in the late 1970s and the early 1980s even now manifested itself in the form of macroeconomic imbalances, wide saving-investment disparity, high rate of inflationary spiral, high debt overhang etc. Hence, the study examines improving the Nigerian investment climate for enhanced economic growth. The data was sourced from the Central Bank of Nigeria (CBN) Bulletin and National Bureau of statistics. The level testing results reveal that none of the variables were stationary at its levels. However, the absolute values of the variables in the first-difference is greater than the Mackinnon Critical value as provided by EVIEWS Package, which means that we fail to reject the null hypotheses for the non-stationary series. It was observed that many reasons accounted for the poor economic performance of the Nigerian economy, among is the decline in the investment rates. It is thus recommended that polices that will improve and encourage investment should be institutionalized, stable macroeconomic framework pursued, favorable fiscal regime promoted and the deepening and diversifying the financial sector strengthened to achieve investment objectives.
Author: Nigerian Economic Society. Annual Conference
Publisher:
ISBN:
Category : Investments
Languages : en
Pages : 502
Get Book Here
Book Description
Author: Harold G. O. Osuagwu
Publisher:
ISBN:
Category : Investments
Languages : en
Pages : 438
Get Book Here
Book Description
