Showing 1 - 10 of 18,055
There is good reason and much evidence to suggest that the real exchange rate matters for economic growth, but why? The "Washington Consensus" (WC) view holds that real exchange rate misalignment implies macroeconomic imbalances that are themselves bad for growth. In contrast, Rodrik (2008)...
Persistent link: https://www.econbiz.de/10008519476
Persistent link: https://www.econbiz.de/10005590873
Economic theory suggests that FDI reinforced economic growth leading to economic development. The present paper analyses four macroeconomic factors that are affecting FDI inflows in Jordan. However, it examines the long-run and short-run causality relationships among inflation rate (INF), gross...
Persistent link: https://www.econbiz.de/10010816420
This study examines the impact of monetary policy on economic growth in Nigeria.The study uses time-series data … that drive growth in Nigeria .It is therefore recommended that the establishment of primary and secondary government bond …
Persistent link: https://www.econbiz.de/10010640695
material, and export earnings for many governments in sub-Saharan African (SSA) countries and most especially, Nigeria. However … economic growth. As a response, this study investigates the impact of export instability on economic growth in Nigeria using …
Persistent link: https://www.econbiz.de/10010795463
This paper examines the relationship between capital market development and Nigeria’s economic growth using data … covering the range of 1981 to 2010 using a Johansen Cointegration technique to test for long run relationship among the …
Persistent link: https://www.econbiz.de/10011145079
This study has examined the causality relationship between oil consumption and economic growth in Nigeria during the … period of 1980-2011 . The Johansen’s maximum likelihood cointegration technique and Granger causality tests are applied …. Based on the cointegration test results, it was found that oil consumption has no long equilibrium relationship with …
Persistent link: https://www.econbiz.de/10011183600
This paper examines the dynamic causal linkages between electricity consumption and economic growth in Nigeria within a … hypothesis, as documented in the literature. The paper urges policy-makers in Nigeria to implement policies which enhance the …
Persistent link: https://www.econbiz.de/10011114051
This paper reviews recent advances in the specification and estimation of Bayesian Vector Autoregressive models (BVARs …). After describing the Bayesian principle of estimation, we first present the methodology originally developed by Litterman … issues in forecasting and structural analysis. An application to the estimation of a system of time-varying reaction …
Persistent link: https://www.econbiz.de/10005825693
This paper attempts to identify robust patterns of cross-country growth behavior in the world as a whole and Africa. It employs a novel methodology that incorporates a dynamic panel estimator, and Bayesian Model Averaging to explicitly account for model uncertainty. The findings indicate that:...
Persistent link: https://www.econbiz.de/10005264072