Monetary Policy And Economic Growth In Nigeria: Evidence From Nigeria
Journal Title: Advances in Social Sciences Research Journal - Year 2017, Vol 4, Issue 6
Abstract
This study investigates the impact of monetary policy on the economic growth of Nigeria using annual data covering the period of 1970 to 2012. Specifically, it seeks to: analyse the relationship between money supply and economic growth in Nigeria; determine the nature and direction of causality between money supply and economic growth. The study employs the Ordinary Least Square (OLS) techniques and the granger causality test. The result indicates a positive and insignificant relationship between money supply and economic growth. Furthermore, it indicates no causality between money supply and economic growth. The study recommends that government and relevant monetary authorities should ensure that money supply levels are effectively and efficiently monitored, managed and controlled so as to enhance, promote and achieve economic growth in Nigeria.
Authors and Affiliations
Uduakobong S. Inam, Ph. D, Blessing Sunday Ime
Keywords
Related Articles
- EP ID EP328843
- DOI 10.14738/assrj.46.2806.
- Views 67
- Downloads 0
Study on the Underwriting Circle of Property-Liability Insurance Market under Competition
The paper models the competition between non-life insurers within the framework of game theory and solve the Nash equilibrium with software R. The dynamic game where insurers compete in multiple periods shows the charact...
Moderating Effects Of Government Environmental Policies On Green Products Toward Consumer Buying Behavior
Green marketing is the concept itself embodies the notion that the product of a given company is produced using environmentally friendly process. The down side is that the consumer need to be made aware regarding these i...
Understanding Mechanisms of Resilience Economy- Live Application on a Complex Business Model
Resilience" as a concept has been re-discovered by many researchers from different disciplines in the last few years as it answers the demands for sustainable dynamical systems and way thinking that need to be addressed...
Information Dissemination Effects To P0rovision of Land for Railway Lines In Relationship with the Knowledge, Attitude and Behavior of the Land Owners in Barru Regency, South Sulawesi - Indonesia
The aims of the research were to determine the effect of information dissemination of land acquisition of railways on knowledge, attitude and behavior of the land owners in Barru, and to determine the factors that affect...
Defending Dualism
It is the contention of this paper that the arguments in philosophy given both for and against dualism are less than decisive. In this paper I examine some of the standard arguments or objections to dualism, and try to s...