2019_Effects of Macroeconomic Variables on Inflation in Nigeria
| Format: | General Document |
|---|
| _version_ | 1860798161025499136 |
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| building | INTELEK Repository |
| collection | Online Access |
| collectionurl | https://intelek.unisza.edu.my/intelek/pages/search.php?search=!collection3 |
| copyright | Copyright©PWB2025 |
| country | Malaysia |
| date | 2019-12-05 |
| format | General Document |
| id | 16234 |
| institution | UniSZA |
| originalfilename | EFFECTS OF MACROECONOMIC VARIABLES ON INFLATION IN NIGERIA (PHD_2019).pdf |
| person | Hamza Dahiru |
| recordtype | oai_dc |
| resourceurl | https://intelek.unisza.edu.my/intelek/pages/view.php?ref=16234 |
| sourcemedia | Server storage Scanned document |
| spelling | 16234 https://intelek.unisza.edu.my/intelek/pages/view.php?ref=16234 https://intelek.unisza.edu.my/intelek/pages/search.php?search=!collection3 General Document Malaysia Library Staff (Top Management) Library Staff (Management) Library Staff (Support) Terengganu Faculty of Business and Management English application/pdf 1.5 Server storage Scanned document Universiti Sultan Zainal Abidin UniSZA Private Access Universiti Sultan Zainal Abidin 112 SAMBox 3.0.18; modified using iTextSharp™ 5.5.10 ©2000-2016 iText Group NV (AGPL-version) Copyright©PWB2025 2019-12-05 EFFECTS OF MACROECONOMIC VARIABLES ON INFLATION IN NIGERIA (PHD_2019).pdf Hamza Dahiru Effects Of Macroeconomic Variables Inflation In Nigeria Inflation (Finance) -- Nigeria Economic indicators Monetary policy -- Nigeria Exchange rates Gross domestic product 2019_Effects of Macroeconomic Variables on Inflation in Nigeria The primary goal of most countries is to maintain low and stable inflation, particularly for the fast-growing and resource-rich developing African country like Nigeria. The growth rate of inflation in Nigeria has been fluctuating from the years 1970 to 2014, indicating unstable percentages in both increasing and decreasing patterns of inflation for goods and services. This means that the Nigerian economy is faced with serious challenges and uncertainties to be resolved. The study objectives are, firstly, to examine the long-run relationships between exchange rate, broad money supply, gross domestic product, interest rate, oil price, and inflation. Secondly, to determine the short-run relationships between exchange rate, broad money supply, gross domestic product, interest rate, oil price, and inflation. The study employed an Autoregressive Distributed Lag (ARDL) technique by using annual time series data for a 45-year period from 1970 to 2014. The findings derived from this study clearly confirmed the existence of a long-run relationship between the variables tested. Besides that, the findings also showed the existence of a positive long-run relationship between the exchange rate, broad money supply, oil price, and inflation, but interest rate and gross domestic product. Throughout the overall findings, it is recommended for the monetary authority in Nigeria to pursue price stability either through monetary policy or exchange rate targets since shocks in both money supply and exchange rate influence variations in inflation. Besides that, a diversification strategy and an export-based economy are also recommended for the Nigerian economy, as this will lead to an increase in output and productivity, as well as help overcome the trade balance of the nation. Dissertations, Academic Thesis |
| spellingShingle | 2019_Effects of Macroeconomic Variables on Inflation in Nigeria |
| state | Terengganu |
| subject | Inflation (Finance) -- Nigeria Economic indicators Monetary policy -- Nigeria Exchange rates Gross domestic product Dissertations, Academic |
| summary | The primary goal of most countries is to maintain low and stable inflation, particularly for the fast-growing and resource-rich developing African country like Nigeria. The growth rate of inflation in Nigeria has been fluctuating from the years 1970 to 2014, indicating unstable percentages in both increasing and decreasing patterns of inflation for goods and services. This means that the Nigerian economy is faced with serious challenges and uncertainties to be resolved. The study objectives are, firstly, to examine the long-run relationships between exchange rate, broad money supply, gross domestic product, interest rate, oil price, and inflation. Secondly, to determine the short-run relationships between exchange rate, broad money supply, gross domestic product, interest rate, oil price, and inflation. The study employed an Autoregressive Distributed Lag (ARDL) technique by using annual time series data for a 45-year period from 1970 to 2014. The findings derived from this study clearly confirmed the existence of a long-run relationship between the variables tested. Besides that, the findings also showed the existence of a positive long-run relationship between the exchange rate, broad money supply, oil price, and inflation, but interest rate and gross domestic product. Throughout the overall findings, it is recommended for the monetary authority in Nigeria to pursue price stability either through monetary policy or exchange rate targets since shocks in both money supply and exchange rate influence variations in inflation. Besides that, a diversification strategy and an export-based economy are also recommended for the Nigerian economy, as this will lead to an increase in output and productivity, as well as help overcome the trade balance of the nation. |
| title | 2019_Effects of Macroeconomic Variables on Inflation in Nigeria |
| title_full | 2019_Effects of Macroeconomic Variables on Inflation in Nigeria |
| title_fullStr | 2019_Effects of Macroeconomic Variables on Inflation in Nigeria |
| title_full_unstemmed | 2019_Effects of Macroeconomic Variables on Inflation in Nigeria |
| title_short | 2019_Effects of Macroeconomic Variables on Inflation in Nigeria |
| title_sort | 2019_effects of macroeconomic variables on inflation in nigeria |