MONEY AND OUTPUT INTERRACTION IN NIGERIA

PROF Godwin Chukwudum Nwaobi ()

Macroeconomics from EconWPA

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: MONEY OUTPUT COINTEGRATION ERROR CORRECTION RATIONAL EXPECTATIONS; NIGERIAN ECONOMY (search for similar items in EconPapers)
JEL-codes: E40 E50 C30 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-afr, nep-dev and nep-mon
Date: 2004-05-12
Note: Type of Document - pdf; pages: 31
View list of references View citations in EconPapers

Downloads: (external link)
http://129.3.20.41/eps/mac/papers/0405/0405012.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:wpa:wuwpma:0405012

Access Statistics for this paper

More papers in Macroeconomics from EconWPA
Series data maintained by EconWPA ().