Download Tag: AN EMPIRICAL ANALYSIS

ABSTRACT This study examines the long-run demand for real broad money function and its stability in Nigeria for the period from 1970 to 2012 inclusive. The study employs the Augmented- Dickey Fuller and Phillips-Perron tests for unit root, the Gregory-Hansen (1996a, b) cointegration test to capture endogeneous structural breaks in the cointegrating vectors of Nigerian long-run money demand function, cumulative sum of recursive residuals (CUSUM) and cumulative sum of recursive ...

ABSTRACT The study empirically analyzed the sacrifice ratio in Nigeria for the period 1970-2013, using the  Instrumental  Variables  Generalized  Method  of  Moments  (IV-GMM)  technique.  The results revealed that inflation inertia has a significant negative impact on the actual rate of inflation in Nigeria. It was also revealed that the percentage of a year’s real GDP that must be forgone to reduce inflation by 1 percentage point in Nigeria is 5.1. ...