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 on the evaluation of youths participation in self help community de...
ABSTRACT
The researcher investigated the management problems and solutions of farmers cooperative societies in Onitsha n...
BACKGROUND
The intelligent phase selector is a system that is capable of comparing three phases and switching automatically to any of the...
Abstract
In this study the definition of small-scale industries was fully illustrated, which is...
ABSTRACT
Failures of the corporate business organization in Nigerian a trend that is now becoming a rule rather than the...
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For more than a decade, the concept of emotional intelligence and job satisfaction h...
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As use of the Internet has expanded to become ubiquitous, so has the use of filtering technology to selectively block access to...
BACKGROUND OF THE STUDY
The capital market performs for the economy, at the long-term end of the...
ABSTRACT
This study seeks to investigate whether the International Financial Reporting Standards (IFRS) in Nigeria has b...
ABSTRACT
The public libraries in Nigeria play a major role in helping children to read. Previous evaluations of librarie...