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THE IMPACT OF INFLATION ON ECONOMIC GROWTH IN NIGERIA
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- Contributor: projectwaka
- engagements: 75
- Case No: 235366pw
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ABSRACT - [ Total Page(s): 1 ]The study seeks to present an empirical analysis of the impact of inflation on economic growth in Nigeria, using annual time-series dataset for the period 1979-2008. It has been argued that inflation is an unavoidable phenomenon in the face of economic growth. That is why, over the years there had been a long standing conventional wisdom that inflation impedes economic growth. The stationarity and co-integration techniques were adopted to examine the data in order to determine if there exists a long-run relationship among the variables. Also, using OLS regression technique, our empirical findi
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CHAPTER ONE - [ Total Page(s): 1 ]1. BACKGROUND OF THE STUDYInflation has become a leading topic of discussion in Nigerian families and other countries of the world. The press as its effect penetrates more deeply into the nation’s life. It has become something of a platitude to say that sharp, continuous increase in price is among the serious economic problems of our time. Indeed, the problem is so great that unless it is brought under control, inflation will destroy the very fabric of our societies.Inflation is generally used to describe a situation of high and sustained increase in the general price level of an economy. It ... Continue Reading
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ABSRACT - [ Total Page(s): 1 ]The study seeks to present an empirical analysis of the impact of inflation on economic growth in Nigeria, using annual time-series dataset for the period 1979-2008. It has been argued that inflation is an unavoidable phenomenon in the face of economic growth. That is why, over the years there had been a long standing conventional wisdom that inflation impedes economic growth. The stationarity and co-integration techniques were adopted to examine the data in order to determine if there exists a long-run relationship among the variables. Also, using OLS regression technique, our empirical findi
... Continue Reading
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