The impact of inflation on economic growth in nigeria
Effects of inflation on the economic growth recent waves of inflation all over the world have drawn attention to the age old controversy regarding the impact of inflation on various aspect of the economy, particularly its impacts on economy growth (defined as the rate of increase of real gross domestic product). Inflation and economic growth are affected by exchange rates as well exchange rates denote the value of money prevailing in different countries high rate of inflation causes severe fluctuations in exchange rates. From central bank of nigeria (cbn) statistical bulletin (2011)to analyze the impact of capital formation, stock market capitalization, inflation rate and interest rate on economic growth, the study employed ordinary least. Impact significantly on economic growth in nigeria with regard to the significance of the study, inflation has become of great interest to researchers and policy. The impact of exchange rate fluctuation on the of inflation have negative impact on economic growth but significant impact on economic growth of nigeria.
This research studied an evaluation of the impact of inflation on economic growth of nigeria between 1980-2013 the study was guided by two objectives: to. The study investigates the impact of inflation on the economic growth of nigeria between 1981-2013 the study is geared towards achieving the following. Inflation on economic growth and established the existence of inflation growth relationship time- series data for the period 1990 -2011 were used to examine the impact of inflation on economic. Inflation and the gdp as a perfect proxy for economic growth to examine the relationship the result of the test showed that for the periods, 1970-2005, there was no co-integrating relationship between inflation and economic growth for nigeria data.
The paper presents an analysis of the impact of inflation on growth in nigerian economy, using annual time-series dataset for the period of 1981-2012it has been argued that inflation is an unavoidable phenomenon in the face of economic growth which adversely affects investment decisions in nigeria. This study will also study the type of inflation, causes and ways of controlling it and it impact on economic development of nigeria scope of the study since inflation arises when aggregate demand exceed aggregate supply, we shall focus our attention at examining the control monetary policy has on thus â primary variables. Effects of inflation rate on economic growth in nigeria (1986-2014) this paper investigates the effects of inflation on economic growth in nigeria between 1986 and 2014 secondary data culled from cbn statistical bulletin (2014) were used for the study. Idalu, r e (2015) impact of inflation on economic growth: case study of nigeria (1970-2013) a research project submitted to the institute of graduate studies and research in partial fulfillment of the requirements for the degree of master of science in economics eastern mediterranean university gazimağusa, north cyprus. Economy stagnant (that is a period where economic growth increases at a very slow rate and is usually characterized by unemployment) in the economy inflation in nigeria can be traced to the “cheap money policy” which started in.
Money supply, inflation and economic growth in nigeria 147 development, quite a little is known about the impact of money supply and inflation on the. Inflation – impacts on the economic growth of nigeria a macroeconomics problem facing nigeria, and the most disturbing, is the problem of inflation as a result of its growing rate, nigerian government is concerned about its impacts on her economic growth. The study examined the impact of inflation rate on the economic growth in nigeria the study explored secondary data for the period of 1960 to 2012 and used e-view 72 statistical window in.
Economic growth in nigeria, the “bad era of double digit inflation rate” could be effectively utilized by the nigeria government to erode the country’s debt burden in other words, instead of spending billions of naira in negotiation. Project topic- impact of inflation and unemployment on the economic growth in nigeria abstract this research work investigated the impact of inflation and unemployment on the economic growth of nigeria within the sample period of 1980-2014. Causes, effect and solution to inflation in nigeria: a case study of edo state abstract the study examines the impact of inflation on economic growth of nigeria. The effects of inflation on economic growth will be examined bearing in mind that a country will grow faster in real terms if inflation is reduced to a barest minimum perhaps it should be mentioned here that inflation is not incompatable with growth.
The impact of inflation on economic growth in nigeria
Nigeria economic outlook nigeria economic growth lower inflation, greater foreign exchange rate allocation, higher oil prices and stronger public spending should . The effect of inflation and interest rate on economy growth in nigeria is quite a serious problem the country experiences on inflation is no longer the problem but the fact that inflation problem seems to have reached the crisis dimension. Impact of inflation on economic growth of nigeria (1980-2012) chapter one introduction background of the study inflation has become a leading topic of discussion in nigeria families and other countries of the world.
Inflation on nigeria economic growth is a trending issue in the lips of every actor in nigeria given the current double digit inflation rate @ 1863 in nigeria thus literature on impact of inflation on nigeria economic growth is justified. Get free research paper on impact of inflation on investment and economic growth in nigeria our project topics and materials are suitable for students in nigeria with case studies in pdf, doc. Impact on gdp growth and balance of payment but negative impact on rate of inflation furthermore, the findings of the study support the money-prices-output hypothesis for nigerian economy. The study examined the impact of inflation rate on the economic growth in nigeria the study explored secondary data for the period of 1960 to 2012 and used e-view 72 statistical window in processing and analyzing the time series data.
The world bank has effected a massive cut in its projections for nigeria’s economic growth rate reflecting the pass-through effects of currency depreciation and their impact on inflation . The impact of money supply on economic growth or inflation on economic growth in nigeria, the present study differs by measuring the impact of the monetary policy variables (money supply and inflation) in a single frame.