ABSTRACT
This study examined the relationship between Money Supply, Inflation andOutput level in Nigeria with view to ascertaining the existence or otherwise of the Tobin effect. To achieve this, the study employed the ARDL bound testing approach to cointegration on annual series of Money supply, CPI and real GDP growth rate from 1970-2016.After controlling for the observed structural breaks in the series using the dummy variable approach, the short run model shows that Money supplyexerts a positive impact on the output level by of 0.21% while inflation retards output by 0.11%. However, in the long run, both money supply and Inflation were found to have no significant impacton output level. This findings suggest the absence of Tobin effect in Nigeria. The study therefore recommends that:the monetary authority must fasten its braces against inflation as well as its money supply generating mechanisms. Also, in order to consolidate the short run gains in output achieved by the money supply through the long run, effort should be geared towards boosting the productive base in order to meet up with the increase in demand which will consequently tame inflation.
ABSTRACT
This study focuses on the challenges of proliferation of small arms and light weapons (SALW) to peace-building in Liberia and Si...
ABSTRACT
This study examines the implication of kidnapping on socioeconomic development of Nigeria...
This research study focused on the teacher variables and students’ achievement in social studies in secondary schools in some selected second...
ABSTRACT
This study examined “influence of Oil Price reduction and Naira devaluation on Nigeria E...
BACKGROUND OF THE STUDY
Road transport is a critical structure for economic development of a country. I...
ABSTRACT
Disinformation, misinformation, and fake news have been and are becoming an increasing problem online. The authenticity of onlin...
Abstract: Integrating digital literacy into vocational curricula is essential for preparing...
Background to the Study
Universities around the world are centres for academic pursuits and places where learning is sou...
AN ASSESSMENT OF THE APPLICATION OF PUBLIC ACCOUNTING METHODS IN GOVERNMENT CONTRACTS AND GRANTS
ABSTRACT
This...
Abstract
The dissertation is on evaluating the impact of GSM operating companies on Nigerian economy. The objectives of the study were: t...