0704-883-0675     |      dataprojectng@gmail.com

AN ASSESSMENT OF THE RELATIONSHIP BETWEEN MONEY SUPPLY, INFLATION AND OUTPUT IN NIGERIA (1970-2016)

  • Project Research
  • 1-5 Chapters
  • Abstract : Available
  • Table of Content: Available
  • Reference Style: APA
  • Recommended for : Student Researchers
  • NGN 3000

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.




FIND OTHER RELATED TOPICS


Related Project Materials

CHALLENGES OF PROLIFERATION OF SMALL ARMS AND LIGHT WEAPONS TO PEACE-BUILDING IN LIBERIA AND SIERRA LEONE

ABSTRACT

This study focuses on the challenges of proliferation of small arms and light weapons (SALW) to peace-building in Liberia and Si...

Read more
THE IMPLICATION OF KIDNAPPING ON SOCIOECONOMIC DEVELOPMENT OF NIGERIA

ABSTRACT

This study examines the implication of kidnapping on socioeconomic development of Nigeria...

Read more
TEACHER VARIABLES AND THEIR RELATIONSHIP WITH ACADEMIC PERFORMANCE OF STUDENTS IN SOCIAL STUDIES

This research study focused on the teacher variables and students’ achievement in social studies in secondary schools in some selected second...

Read more
THE INFLUENCE OF THE REDUCTION IN OIL PRICE AND THE DEVALUATION OF NAIRA ON THE NIGERIA ECONOMIC GROWTH

 

ABSTRACT

This study examined “influence of Oil Price reduction and Naira devaluation on Nigeria E...

Read more
CAUSES OF ROAD ACCIDENT AMONG AUTOMOBILE ROAD USERS USING IJEBU-ODE LOCAL GOVERNMENT AREA OF OGUN STATE

BACKGROUND OF THE STUDY

Road transport is a critical structure for economic development of a country. I...

Read more
NEW MEDIA ADVOCACY AND THE CHALLENGE OF AUTHENTICITY: A STUDY OF YOUTUBE

ABSTRACT

Disinformation, misinformation, and fake news have been and are becoming an increasing problem online. The authenticity of onlin...

Read more
STRATEGIES FOR INTEGRATING DIGITAL LITERACY INTO VOCATIONAL CURRICULA

Abstract: Integrating digital literacy into vocational curricula is essential for preparing...

Read more
THE IMPACT OF STRESS ON TERTIARY STUDENT’S ACADEMIC PERFORMANCE: A CASE STUDY OF THE FACULTY OF EDUCATION

Background to the Study

Universities around the world are centres for academic pursuits and places where learning is sou...

Read more
AN ASSESSMENT OF THE APPLICATION OF PUBLIC ACCOUNTING METHODS IN GOVERNMENT CONTRACTS AND GRANTS

AN ASSESSMENT OF THE APPLICATION OF PUBLIC ACCOUNTING METHODS IN GOVERNMENT CONTRACTS AND GRANTS

ABSTRACT

 

This...

Read more
THE IMPACT OF INTRODUCTION OF GLOBAL SYSTEM FOR MOBILE COMMUNICATION (GSM) ON THE NIGERIA ECONOMY  

Abstract

The dissertation is on evaluating the impact of GSM operating companies on Nigerian economy. The objectives of the study were: t...

Read more
Share this page with your friends




whatsapp