Gebregiorgis, Bekele Sinkie; Handa, Jagdish - In: Journal of Developing Areas 38 (2004) 2, pp. 119-141
This paper examines the appropriate formulation of the monetary aggregate for the Nigerian economy for the period 1970:1-2000:4 for the determination of real output. This examination covers simple sum, Variable Elasticity of Substitution (VES) and Divisia (DV) aggregation over currency, demand...