ABSTRACT
The main objective of the study is on the macroeconomic effect of inflation on the
growth of Nigerian economy. The study however investigates the economic growth vis-à-vis
inflation, Broad Money Supply and Interest Rate. Ordinary Least Square [OLS] is
used to estimate the three major macroeconomic variables with a view to
justifying their effects on economic growth. The results of the findings
further suggest that there is significant relationship between inflation and economic
growth in Nigeria. The study therefore suggests among others that exchange rate
policy should be designed to bridge the saving investment gap, enhance
government revenue and reduce the fiscal gap through the curtailment of deficit
and guarantee of external balance in the long-run.
TABLE OF CONTENTS
CHAPTER ONE
INTRODUCTION
1.1 Background to the Study
1.2 Statement of the Problems
1.3 Objective of the Study
1.4 Significance of the study
1.5 Research Questions
1.6 Statement of hypothesis
1.7 Scope of the study
1.8 Organization of the Study
CHAPTER TWO
LITERATURE REVIEW
2.1 Introduction
2.12 The Keynesian
2.13 The Phillips curve
2.14 The Monetarists
2.15 The Neo-Keynesian
2.16 Economic Growth Rate, Real Exchange/ inflation
2.20 Empirical Review on Inflation and Economic Growth
2.21 Determinant of Inflation in Nigeria
2.22 Evaluation of Inflation Targeting in Nigeria
2.23 Inflation and Effect on Economic Growth
2.23.1 Effect on Stock Price
2.23.2 Interest Rate and Stock Price
2.23.3 Real GDP and Stock price
2.24 Inflation and Anti-inflation Policy in Nigeria
2.24.1 Period of 1960-1972
2.24.2 Period of 1973-1985
2.24.3 Period of 1986-1994
CHAPTER THREE
RESEARCH METHODOLOGY
3.1 Introduction
3.2 Nature and source of data
3.3 Estimation technique
3.4 Model specification
3.5 Definition of Variables
CHAPTER FOUR
PRESENTATION AND ANALYSIS OF RESULT
4.1 Introduction
4.2 Presentation of result
4.3 Trend in the variables
4.4 Policy implication
CHAPTER FIVE
SUMMARY, CONCLUSION & RECOMMENDATIONS
5.1 Summary
5.2 Conclusion
5.3 Recommendation
References