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 was carried out tocritically analyze the impact of t...
ABSTRACT
Companies must have the capability to deal with various tendering situations successfully in today’s highly competitive co...
ABSTRACT
The objective of this study was to assess the perspectives of youth on unemployment in Nigeria using Alausa/ike...
Abstract
The study investigated on the effect of sex education on adolescents’ sexual behaviour among senior seco...
ABSTRACT
Crime has become a global challenge in recent times. The phenomenon has become a difficult task that military war-fare approach...
ABSTRACT
This research work examined “Influence of Electronic Media Advertising on Students ...
Abstract
This project is designed to give an insight on the influence of sales promotion on consumers loyalt...
Abstract
The inflow of foreign direct investment (FDI) to developing countries has continued to be on the increase over the years. This s...
ABSTRACT
The study sought to find out “Perceived Causes and Remedies of Divorce among Married Couples in Kano Metropolis”. Po...
BACKGROUND OF THE STUDY
Traditionally, high control in home and office environments takes place through switches (on/off), deals and slid...