Money and output interaction in Nigeria: an econometric investigation using multivariate cointegration technique

PROF Godwin Chukwudum Nwaobi ()

Economics Bulletin, 2004, vol. 3, issue 30, pages 1-10

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.

Keywords: cointegration; error correction; monetary policy; money; nigeria; output (search for similar items in EconPapers)
JEL-codes: C5 E0 (search for similar items in EconPapers)
Date: 2004-09-08
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Persistent link: http://EconPapers.repec.org/RePEc:ebl:ecbull:v:3:y:2004:i:30:p:1-10

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