Economics, Econometrics and Finance
6 years ago

Inflation in Nigeria Hinders Economic Growth, Urgent Action Needed.

IJASSH
An Empirical Estimate of Inflation and Economic Growth: Evidence from Nigeria
Peter E. Ayunku, Lyndon M. Etale

Paper Summary

Related papers

Business, Management and Accounting
3 years ago

Inflation in Tanzania Positively and Negatively Impacts Economic Growth

Islamic Banking
Financial Access
Infrastructure Impact
1 view
Business, Management and Accounting
3 years ago

Money supply boosts long-term growth in Ghana, but watch out for inflation!

Islamic Banking
Infrastructure Impact
1 view
Economics, Econometrics and Finance
4 years ago

Unemployment and inflation positively drive economic growth in Nigeria.

Okun's Law

The study looked at how inflation and economic growth are related in Nigeria from 1980 to 2010. They used different tests to analyze the data and found that economic growth is influenced by changes in money supply, which helps the economy grow. On the other hand, inflation has a negative impact on economic growth in Nigeria, both in the short and long term. This means that high inflation doesn't help the economy grow. The study suggests that controlling inflation is important for Nigeria to have stable economic growth.