MONEY AND OUTPUT INTERRACTION IN NIGERIA

Godwin Nwaobi ()

Macroeconomics from University Library of Munich, Germany

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: C30 E40 E50 (search for similar items in EconPapers)
Pages: 31 pages
Date: 2004-05-12
New Economics Papers: this item is included in nep-afr, nep-dev and nep-mon
Note: Type of Document - pdf; pages: 31
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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

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