IDEAS home Printed from https://ideas.repec.org/a/but/manage/v15y2012i1p137-152.html
   My bibliography  Save this article

Macroeconomic Dynamics and Financial Crisis in Nigeria

Author

Listed:
  • Olusegun Olowe

    (Covenant University, Ota, Nigeria)

Abstract

This work as an empirical economics assessment examined the role of domestic macroeconomic policies with emphasis on the management of the impact of macroeconomic variables on the global financial crisis in Nigeria.. It applies VAR framework on annual time series data from 1969 to 2009. The paper opines that the Nigerian economy is far from converging towards a sustainable equilibrium in the short run. The paper suggests that attitudinal change, monetary and fiscal policies could be used to address the Nigerian version of the global financial crisis. However, the right mix of these policies to avoid conflicts in the light of dampening effects of the global financial melt-down as well as the possible effects of the global financial crisis and macroeconomic fluctuations on economic development in Nigeria is of relevance..The direction and magnitude of relevant policy to stimulate increased government intervention, it was observed that there is the need for comparative dynamics of economies in order to return to the path of sustainable growth and development.

Suggested Citation

  • Olusegun Olowe, 2012. "Macroeconomic Dynamics and Financial Crisis in Nigeria," Manager Journal, Faculty of Business and Administration, University of Bucharest, vol. 15(1), pages 137-152, May.
    • Handle: RePEc:but:manage:v:15:y:2012:i:1:p:137-152
    as

    Download full text from publisher

    File URL: http://manager.faa.ro/download/677_1516.pdf
    Download Restriction: no
    File URL: http://manager.faa.ro/en/article/Macroeconomic-Dynamics-and-Financial-Crisis-in-Nigeria~677.html
    Download Restriction: no
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:but:manage:v:15:y:2012:i:1:p:137-152. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Cosmin Catalin Olteanu (email available below). General contact details of provider: https://edirc.repec.org/data/faaubro.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.