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Money And Output Interraction In Nigeria

  • DR.GODWIN CHUKWUDUM NWAOBI

    (QUANTITATIVE ECONOMIC RESEARCH BUREAU, NIGERIA)

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://econwpa.repec.org/eps/mac/papers/0405/0405012.pdf
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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
Contact details of provider: Web page: http://econwpa.repec.org

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