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THE IMPACT OF INFLATION ON THE MANUFACTURING SECTOR OF THE NIGERIAN ECONOMY (1981- 2011)
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- Contributor: mr-chris
- engagements: 154
- Case No: 441431pw
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ABSRACT - [ Total Page(s): 1 ]This study analyses the linkage between inflation rate and manufacturing sector of the Nigerian economy over the period of (1981-2011). The study used data sourced from the Central Bank of Nigeria (CBN). The ordinary least square technique (OLS) was used to specify and examine the relationship between the variables Government expenditure, inflation rate and money supply which are the independent variables and the manufacturing index which is the dependent variable for the first model. The independent variables for the second model are consumer price index, Nominal interest rate and exchange ra
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CHAPTER ONE - [ Total Page(s): 3 ]CHAPTER ONEINTRODUCTION1.1 BACKGROUND OF THE STUDYInflation has remained a chronic problem for Nigerian economy for some time. Inflation is not a new wood in the world economy and not out rightly bad, but the case of Nigeria is severe and i t will destabilize the entire economic frame work if it is not properly checked. This problem has brought about reduction of purchasing power discouragement of real investment balance of payment disequilibrium and unemployment.Inflation in Nigeria can be said to be a direct result of the policies of the country’s government to stimulate a fast rate o ... Continue Reading
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ABSRACT - [ Total Page(s): 1 ]This study analyses the linkage between inflation rate and manufacturing sector of the Nigerian economy over the period of (1981-2011). The study used data sourced from the Central Bank of Nigeria (CBN). The ordinary least square technique (OLS) was used to specify and examine the relationship between the variables Government expenditure, inflation rate and money supply which are the independent variables and the manufacturing index which is the dependent variable for the first model. The independent variables for the second model are consumer price index, Nominal interest rate and exchange ra
... Continue Reading
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