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Money And Output Interraction In Nigeria

Author

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  • 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.

Suggested Citation

  • Dr.Godwin Chukwudum Nwaobi, 2004. "Money And Output Interraction In Nigeria," Macroeconomics 0405012, EconWPA.
  • Handle: RePEc:wpa:wuwpma:0405012
    Note: Type of Document - pdf; pages: 31
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    File URL: http://econwpa.repec.org/eps/mac/papers/0405/0405012.pdf
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    References listed on IDEAS

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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.

    More about this item

    Keywords

    MONEY OUTPUT COINTEGRATION ERROR CORRECTION RATIONAL EXPECTATIONS; NIGERIAN ECONOMY;

    JEL classification:

    • E40 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - General
    • E50 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - General
    • C30 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - General

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