Download Tag: AND OUTPUT GROWTH IN NIGERIA

Abstract Rapid output growth and low inflation are the most common objectives of macroeconomic policy in both developed and developing economies. The relationship between inflation, inflation uncertainty and output growth has attracted much interest in economic literature. The views on the direction of this relationship are divergent and empirical evidences vary, depending on the economy examined. The growing interest in price stability as a major goal of monetary policy is ...

ABSTRACT This research work studies the international competitiveness of the Nigerian economy in the global market by analyzing the relationship between trade openness and output growth in Nigeria. Using time-series data over the period 1970-2007, we show that output growth of the Nigeria economy is a function of two sets of shocks; (i) external shocks (openness and real exchange rate) and (ii) internal shocks (real interest rate and unemployment rate). ...