Impact of inflation on economic growth in Nigeria in the context of an emerging market

Research Paper (undergraduate) , 2016 , 18 Pages , Grade: A

Economics - Economic Cycle and Growth

The study was conducted to evaluate the impact of inflation on economic growth in the context of an emerging market using empirical evidence from Nigeria. Using time series data spanning forty one years (1970-2011) which was obtained from the Central Bank of Nigeria (CBN) statistical bulletin volume 22, and Central Bank of Nigeria official website, the nature of the relationship existing between the focus variables - economic growth (proxied by real Gross Domestic Product, GDP) and inflation rate was explored. The Augmented Dickey Fuller (ADF) and Philip-Perron (PP) tests were used to test for the stationary of the variables while the granger causality test was employed to ascertain the direction of influence between inflation and economic growth in Nigeria.

The follow research questions guided this study: What is the trend of inflation in Nigeria? Why have all the policies used unable to reduce inflation rate to an acceptable level? What is the impact of inflation of Nigerian economic growth? Inflation growth has been the macro-economic problem in Nigeria that seems to be intractable over the years; Nigeria government has adopted various measures (both monetary and fiscal policies) to curb or reduce inflation growth to an acceptable level but all these policies seem to have no effects. This gave rise to the following research questions.

Table of contents:

ABSTRACT

1.1 Background of the Study
1.2 Statement of the Problem
1.3 Purpose of the Study
1.4 Research Questions
1.5 Statement of Hypothesis
1.6 Significance of the Study
1.7 Limitation of the Study
1.8 Scope of the Study
1.9 Organization Of The Study

2.0 REVIEW OF RELATED LITERATURE
2.1 CONCEPTUAL FRAMEWORK
2.2 EMPIRICAL LITERATURE

3.0 RESEARCH METHODOLOGY
3.1 Research Design
3.2 Method of Data Analysis
3.3 Model Specification
3.4 Estimation and Validation Of The Models Unit root test

4.0 DATA PRESENTATION, ANALYSIS AND DISCUSSION OF FINDINGS
4.1 Presentation of Data
4.2 Analysis of Data

5.1 Summary of Findings
5.2 Conclusion
5.3 Recommendation

REFERENCES

• Grade: A
• Author: Micah Effiong (Author)
• Publication Year: 2016
• Pages: 18
• Catalog Number: V510336
• ISBN (eBook): 9783346137623
• ISBN (Book): 9783346137630
• Language: English
• Tags: impact, nigeria