Background of the Study In the recent year the relationship between money supply and economic growth has been receiving increasing attention than any subject matter in the field of monetary economics. Economists differ on the impact of money supply on economic growth, while some agreed that variations in the quantity of money is the most important determinant of economic growth and that countries that devote more time to studying the behavior of aggregate money supply experiences much variati...
ABSTRACT This work is an overview of the effect of oil price volatility on economy growth in Nigeria using per capital Income as deciding factor.
Nigeria’s debt profile has been on the increase over the years, and the country may soon reach a debt threshold that would affect economic growth negatively. This may lead the economy to a debt trap. The study empirically examines the impact of external debt on economic growth in Nigeria. Descriptive and econometric analytical tools were used in data analyses. Data on Real Gross Domestic Product (RGDP), External Debt Stock, External Debt Service Payment, and Exchange Rate were collected f...
This paper examined the dynamic interaction among business cycle, macroeconomic variables and economic growth in Nigeria between 1986 and 2014. The study employed the vector auto regression technique (VAR) to investigate the business cycle effect on economic growth and its interaction with government expenditure and money supply in Nigeria during the study period. Quarterly time series data between 1986 and 2014 was used for the study. Data on the real gross domestic product (RGDP), nominal g...
Poor governance in Sub-Saharan Africa has been a major hindrance to economic growth of the region compared to other regions in the rest of the world. To examine the influence of governance on economic growth of Sub-Saharan Africa, panel data on growth rate of Gross Domestic Product, governance indicators and other indicators of the three selected Sub-Saharan Africa countries namely Nigeria, South- Africa and Ghana for the period of 1996-2015 were sourced from World Development Indicators of t...
This article provided us with a simple, but very powerful framework to understanding how a sustainable economic growth can be actualized. Within the confines of this rational work, it was shown that agro based economy, on the long run, will not lead to a sustained economic growth while industry based economy will foster sustained economic growth. This is because industry based economy is being supported by the process of ‘capital accumulation’. Though this article showed evidence that in...
This paper examined the impact of deposit money bank agricultural credit on agricultural productivity in Nigeria using an error correction model and annual time series data for the period 1981-2014. The results indicate that an equilibrium relationship exists between the variables. In addition, we find that deposit money bank’s agricultural credit impacts positively and significantly on agricultural productivity in the long-run, but this impact is quite negligible in the short-run. We al...
TITLE PAGETHE EFFECT OF MONETARY POLICY ON INFLATION IN NIGERIA (1986-2013)BYOLUWATIMILEHIN A. OYEKUNLE12/27ED/062BEING A RESEARCH PROJECT SUBMITTED TO THE COLLEGE OF HUMANITIES, MANAGEMENT AND SOCIAL SCIENCES,DEPARTMENT OF ECONOMICS AND DEVELOPMENT STUDIES KWARA STATE UNIVERSITYIN PARTIAL FULFILMENT OF THE REQUIREMENT OF THE AWARD OFBACHELOR OF SCIENCE (B.Sc) DEGREE IN ECONOMICSMAY, 20161CERTIFICATIONI hereby certify that this research work was carried out by Oluwatimilehin A Oyekunlewith ma...
ABSTRACT Despite the numerous policies that have been set out over the years to tackle the hydra-headed problems of unemployment and poverty in Nigeria, not much progress has been made towards quelling the trend. Part of the reasons why these problems seem unsolvable is due to the fact that direction of causality between the two has not been ascertained in the light determination of policy direction. The main objective of this study, therefore, is to explore the direction of causality that ex...
Abstract Since the Nigerian stock exchange started its operations in 1961, it has not yet been able to attain efficiency as is the case in other countries and as such its inherent impact on capital formation in Nigeria has not been clear enough. The main objective of this study, therefore, is to explore the role of the stock exchange on capital formation in Nigeria. Time series data were applied in carrying out this research work, using the variables; Market Capitalization, New Issues of Inst...
AbstractThis study evaluates the transmission channels between exchange rate, unemployment,inflation and economic growth through a multivariate trend and structural analysis. The scope of theresearch is from 1986 to 2013 using annual time series data collected from the CBN statisticalBulletin. This study employs the Vector Auto-regressive model through the ARDL bound test for co-integration.The study reveals that empirically, there exists significant relationships betweenexchange rate, unempl...
ABSTRACT The study which was entitled “the effects of insurgency on the Socio-economic development of North Eastern Nigeria” focused on Wukari Local Government Area of Southern Taraba in Taraba State. It had as its objectives the need to identify the relationship between the standard of living and insurgency, to examine the effects of insurgency on the socio-economic development of North Eastern Nigeria and to identify measures of controlling insurgency. The research sought to answer the ...
CHAPTER ONEINTRODUCTIONThe impact of population growth on agriculture and natural resource management has been debated at least from the time of Reverend Thomas Malthus . Although the dismal predictions of Malthus regarding the inability of agricultural production to keep pace with population growth have not come to pass. The consequences of population growth on economic development nave attracted the attention of economists ever since Adam Smith wrote his Wealth of Nations. Adam Smith wrote,...
ABSTRACT This study evaluates deregulation of the downstream oil sector and its effect on the Nigerian economy. This study arose out of the need to find solution to the sorry state of the four refineries, the inefficiency in the distribution, the poor pricing of petroleum products and the negative effects of monopolistic structure of the downstream sub-sector. The study attempt to identify the challenges associated with deregulation of the downstream sub-sector and to examine the effects of ...
ABSTRACT Exchange rate variation has been identified as one of the salient factors that affect economic performance of a nation. Exchange rate plays a crucial role in international economic transactions because no nation is in isolation due to varying factor endowments. Hence, the effect of exchange rate variation on economic growth is subject to analysis in economics. Thus, the focus of this study is to empirically verify the effect of exchange rate depreciation on Nigeria...