Please use this identifier to cite or link to this item: http://repository.elizadeuniversity.edu.ng/jspui/handle/20.500.12398/1250
Title: Inflation: How Much is Too Much for Economic Growth in Nigeria
Authors: FABAYO, JOSEPH ADEMOLA
AJILORE, OLUBANJO TAIWO
Keywords: Inflation;
Economic Growth;
Threshold
Issue Date: 2006
Publisher: Springer: Indian Economic Review
Abstract: This study follows the methodology of Khan and Sendhadji (2001) to examine the existence of threshold effects in the inflation-growth relationship, using Nigeria data for the period 1970 to 2003. The results suggest the existence of inflation threshold level of 6 percent. Below this level, there exists significantly positive relationship between inflation and economic growth, while above this threshold level, inflation retards growth performance. Sensitivity analyses conducted confirmed the robustness of these results. This finding suggests that bringing inflation down to single digits should be the goal of macroeconomic management in Nigeria, while the optimal inflation target for policy in Nigeria
Description: Staff Publication
URI: https://www.jstor.org/stable/29793862
http://repository.elizadeuniversity.edu.ng/jspui/handle/20.500.12398/1250
Appears in Collections:Research Articles

Files in This Item:
File Description SizeFormat 
29793862.pdf1.91 MBAdobe PDFThumbnail
View/Open


Items in EUSpace are protected by copyright, with all rights reserved, unless otherwise indicated.