مجلة بحوث متقدمة في الاقتصاد واستراتيجيات الاعمال
Volume 4, Numéro 1, Pages 05-18
2023-06-30
Economic Growth Stimulant In Nigeria: Components And Combined Analysis
Authors : Andem Francis . Zibigha Weniebi . Ogosi Francis .
Abstract
Economic growth stimulus in developing countries such as Nigeria is still an important discussion in economics and business literature. This study sought to examine the stimulus of economic growth in Nigeria, analysing components and combined effects. Secondary data were collected from the Central Bank of Nigeria Statistical Bulletin which reported data between 1980 and 2019. To analyse the data collected, simple and multiple linear regression models were used. The findings revealed that four components – exchange rate, money supply, interest rate, and export were statistically significant in stimulating the growth of the economy. The inflation rate as a component was not statistically significant in creating favour stimulation for economic growth. The combined effect of these factors showed a statistically significant effect in stimulating economic growth. Interest rate and inflation showed a negative relationship with RealGDP (indicator for economic growth) while the other three indicators showed a positive relationship. Therefore, we recommend that the government, firms and individuals should always consider actions that will reduce the negative effects of inflation and interest rates in the economy.
Keywords
Economy ; Growth ; Factors ; Inflation ; Interest Rate
Les articles similaires
كريم عبدالسلام سعيد كريم
.
العيساوي إسماعيل كاظم
.
ص 195-230.
Zizi Majda Hana
.
Benkamla Mohammed Abdelaziz
.
pages 580-593.
Benziane Radia
.
Yousfi El Hocine
.
ص 354-377.
صارة بورجة
.
فاطمة الزهراء زرواط
.
ص 695-714.
