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Money And Output Interraction In Nigeria

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Author Info

  • DR.GODWIN CHUKWUDUM NWAOBI

    (QUANTITATIVE ECONOMIC RESEARCH BUREAU, NIGERIA)

Abstract

THIS PAPER DERIVES AND ESTIMATES A BARRO-TYPE REDUCED-FORM EQUATION FOR DOMESTIC REAL OUTPUT FROM A SIMPLE STRUCTURAL MODEL OF AN OPEN DEVELOPING ECONOMY IN WHICH MARKETS CLEAR CONTINUOUSLY AND EXPECTATIONS ARE RATIONAL. THE FORM IN WHICH OPEN ECONOMY VARIABLES APPEARED WAS EXPLICITLY DERIVED FROM AN UNDERLYING STRUCTURAL MODEL. THE MODEL WAS ADAPTED TO NIGERIAN ECONOMY BY ACCORDING AN IMPORTANT ROLE TO IMPORTED INTERMEDIATE GOODS. THE EMPIRICAL RESULT PROVIDED SUPPORT FOR THE OPEN ECONOMY MODEL OF OUTPUT DETERMINATION IN NIGERIA.

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File URL: http://128.118.178.162/eps/mac/papers/0405/0405012.pdf
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Bibliographic Info

Paper provided by EconWPA in its series Macroeconomics with number 0405012.

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Length: 31 pages
Date of creation: 12 May 2004
Date of revision:
Handle: RePEc:wpa:wuwpma:0405012

Note: Type of Document - pdf; pages: 31
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Web page: http://128.118.178.162

Related research

Keywords: MONEY OUTPUT COINTEGRATION ERROR CORRECTION RATIONAL EXPECTATIONS; NIGERIAN ECONOMY;

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References

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Cited by:
  1. Dr. Godwin Chukwudum Nwaobi, 2004. "Modelling Economic Fluctuations In Subsaharan Africa:A Vector Autoregressive Approach," Macroeconomics 0406008, EconWPA.

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