Monetary Policy Efficiency and Inclusive Growth in Nigeria: A Dea Approach

Taofeek Ayinde and Adekunle Ahmed Oluwatobi ()
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Adekunle Ahmed Oluwatobi: Fountain University

Acta Universitatis Danubius. OEconomica, 2017, issue 13(6), 278-291

Abstract: The study examined the efficiency of monetary policy in Nigeria for the period 1980-2015 based on annual data sourced from the Central Bank of Nigeria (CBN) Statistical Bulletin (various issues) and World Bank Data Base. The result obtained through DEA show that monetary policy in Nigeria requires some allowable adjustments before efficiency can be achieved and thus, impact on inclusive growth. The result of SVAR framework indicate that the shock from money supply and financial openness substantially impact on inclusive growth. The study therefore recommends that government should adopt an efficient monetary policy instruments that would make monetary policy to reach optimum and impact significantly on the economy.

Keywords: DEA; SVAR; inclusive growth; monetary policy (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:dug:actaec:y:2017:i:6:p:278-291

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