Inflation: How Much is Too Much for Economic Growth in Nigeria

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DC Field	Value	Language
dc.contributor.author	FABAYO, JOSEPH ADEMOLA	-
dc.contributor.author	AJILORE, OLUBANJO TAIWO	-
dc.date.accessioned	2021-09-23T10:54:35Z	-
dc.date.available	2021-09-23T10:54:35Z	-
dc.date.issued	2006	-
dc.identifier.uri	https://www.jstor.org/stable/29793862	-
dc.identifier.uri	http://repository.elizadeuniversity.edu.ng/jspui/handle/20.500.12398/1250	-
dc.description	Staff Publication	en_US
dc.description.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	en_US
dc.language.iso	en	en_US
dc.publisher	Springer: Indian Economic Review	en_US
dc.subject	Inflation;	en_US
dc.subject	Economic Growth;	en_US
dc.subject	Threshold	en_US
dc.title	Inflation: How Much is Too Much for Economic Growth in Nigeria	en_US
dc.type	Article	en_US
Appears in Collections:	Research Articles

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