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.
Related Project Materials
THE EFFECT OF DEMOGRAPHIC SHIFTS ON GOVERNMENTAL ACCOUNTING PRACTICES
THE EFFECT OF DEMOGRAPHIC SHIFTS ON GOVERNMENTAL ACCOUNTING PRACTICES
Abstract
This study examines the effect of demographic sh...
AN ASSESSMENT OF GRAVEL PACKING METHODS USED IN THE PETROLEUM INDUSTRY
ABSTRACT
The completion of the gravel pad is simply a downhole filter designed to prevent the production of formation fi...
INFLUENCE OF SOCIO ECONOMIC BACKGROUND ON SECONDARY SCHOOL STUDENT PERCEPTION OF THEIR SCHOOL LEARNING ENVIRONMENT IN CALABAR MUNICIPALITY, CROSS RIVER STATE
Background to the study
Socio-economic background or status refers to a person’s position in a gi...
INSECURITY IN NORTHERN NIGERIA: CAUSES, CONSEQUENCES AND RESOLUTIONS
ABSTRACT
Since Nigeria got her independence from Britain in 1960, the country’s political structu...
ASSESSMENT OF KNOWLEDGE, ATTITUDE AND PRACTICE OF SOLID WASTE MANAGEMENT AMONG HOUSEHOLDS IN NIGERIA
ABSTRACT
This study was conducted to assess knowledge, attitude and practice of solid waste management among households in Katsina State,...
AN INTERVENTION STUDY ON MEDICATION ADHERENCE AND CLINICAL OUTCOME AMONG TYPE 2 DIABETIC PATIENTS IN A TERTIARY HEALTH FACILITY NIGERIA
ABSTRACT
Diabetes is one of the leading causes of morbidity and mortality in adults globally. Type 2 diabetes is a disease associated wit...
IMPACT OF ADULT EDUCATION ON LITERACY RATES IN NIGERIA
Abstract: This research examines the impact of adult education on literacy rates in Nigeria. Adult education programs are essential for improv...
THE KNOWLEDGE AND PRACTICE OF MALARIA PREVENTION AMONG CAREGIVERS OF PATIENTS ADMITTED TO STATE HOSPITAL, OTA OGUN STATE
EXCERPT FROM THE STUDY
Malaria is caused by four different protozoa in the plasmodium genus: either Plasmodium Vivax, wh...
SCHOOL FACTORS AFFECTING TEACHING AND LEARNING ENGLISH LANGUAGE AT PRIMARY LEVEL
ABSTRACT
The aim of this research is to investigate and find out the school factors that affect teaching and learning En...
ANALYSIS OF FEDERAL CHARACTER AND QUOTA SYSTEM IN NIGERIA: A CASE STUDY OF FEDERAL RADIO CORPORATION
ABSTRACT
The main purpose of this research work was to examine the analysis of federal character and quota system in Nig...
