Inflation & Eco.Growth in Nig: Determinants & Causal Relationship.

      Аннотация: Globally, inflationary pressures have actually become a pervasive and socio-economic problem based on the distortions it can exert on the growth of any economy.In recent times, the Nigerian economy has witnessed a persistent upward trend and volatility in her domestic price level while her performance in terms of economic growth has been characterized by fits and starts.Nigeria as a developing nation is desirous to become an advanced country by year 2020 through innovative investments, among others. Among her major economic objectives to achieve this, is price stability and sustainable economic growth. Unfortunately, the achievement of this objective has been fraught with problems despite all the government’s effort.This book, having identified that inflation is a major constraint to the growth of the economy and in addition to other militating factors, has attempted to proffer some policy recommendations for sustainable economic growth in Nigeria. It is hoped that the book will be of immense help to economic planners and police makers especially those in developing economies as well as other stakeholders and academic researchers.

Ключевые слова: Co-integration, Inflation, Unit root test, : Economic growth, ECM and Granger Causality tests