Nigeria's Economic Stability Hinges on Trade Promotion and Financial Development
The article analyzes how different factors like real output, money supply, government spending, and more are connected in Nigeria's economy from 1970 to 2013. They found long-term relationships between real output, money supply, interest rate, and exchange rate. Short-term dynamics showed links between government spending and money supply, trade openness and real output, and more. The study suggests that interest rates may not be the best tool for controlling the economy, and that promoting international trade and controlling government spending could help manage inflation.