Odusanya, Ibrahim Abidemi and Atanda, Akinwande AbdulMaliq (2010): Analysis of inflation and its determinants in Nigeria. Published in: Pakistan Journal of Social Sciences , Vol. 7, No. 2 (2010): pp. 97-100.
Download (85kB) | Preview
The study critically analyzed the dynamic and simultaneous inter-relationship between inflation and its determinants in Nigeria between 1970 and 2007. The time series variables properties were examined using the Augmented Dickey Fuller (ADF) unit root test and the result reveals that inflation rate, growth rate of real output and money supply, and real share of Fiscal deficit are stationary at levels, while other incorporated variables in the empirical analysis- real share of Import, Exchange rate and Interest rate-are stationary at first difference. The long-run and short-run mechanism of interaction between inflation and its determinants were examined usig the Augmented Engle-Granger (AEG) cointegration test and Error Correction Mechanism (ECM) model respectively.
|Item Type:||MPRA Paper|
|Original Title:||Analysis of inflation and its determinants in Nigeria|
|Keywords:||Inflation, determinants, unit root, cointegration, error correction model, Nigeria economy|
|Subjects:||E - Macroeconomics and Monetary Economics > E3 - Prices, Business Fluctuations, and Cycles > E31 - Price Level; Inflation; Deflation
E - Macroeconomics and Monetary Economics > E0 - General > E00 - General
C - Mathematical and Quantitative Methods > C2 - Single Equation Models; Single Variables > C22 - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models
C - Mathematical and Quantitative Methods > C0 - General > C01 - Econometrics
B - History of Economic Thought, Methodology, and Heterodox Approaches > B4 - Economic Methodology > B41 - Economic Methodology
|Depositing User:||Akinwande Atanda|
|Date Deposited:||10. Jan 2012 04:38|
|Last Modified:||12. Feb 2013 01:33|
Adeyeye, E.A and T.O Fakiyesi (1980)” Productivity Price and Incomes Board and Anti Inflationary Policy in Nigeria”, in the Nigeria Economy Under the Military. Proceedings of the 1980 Annual Conference of Nigerian Economic Society. Ibadan
Akinnifesi, E.O (1984): “Inflation in Nigeria: Causes, Consequences and Control.” The BULLION. Vol.1 (July)
Asogu, J.O (1991): “An Econometric Analysis of the Nature and Causes of Inflation in Nigeria.” Economic and Financial Review vol.29 No.2
Laryea, A. Samuel and Sumaila Rashid Ussif (2001), “Determinants of Inflation in Tanzania.” CMI Working Papers WP/2001/12 Chr. MIchelsen Institute. Bergen, Norway.
Osakwe, J.O (1983), “ Government Expenditures, Money supply and Prices, 1970-1980” CBN Economic and Financial Review vol.21 no.2.
Oyejide, T.A (1972); “Deficit Financing, Inflation and capital Formation: The Analysis of the Nigerian Economy, 1957-1970” NJESS vol.14