A Vector Autoregressive (Var) Cointegration And Vec Model For Nigeria

Language: English

Published by LAP LAMBERT Academic Publishing Sep 2017, 2017

3330083050 / 9783330083059

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Seller: BuchWeltWeit Ludwig Meier e.K., Bergisch Gladbach, GermanyBuchWeltWeit Ludwig Meier e.K.

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This item is printed on demand - it takes 3-4 days longer - Neuware -The Study Investigate the relationship between economic growth (GDP) and some financial deepening indicators (money supply and credit to private sector), using a data obtained from the Central Bank of Nigeria (CBN) statistical bulletin for the period 1981-2012. The study employed the conventional augmented dickey fuller test to test for stationarity among the three variables ( GDP, money supply and credit to private sector, Johensen cointegration technique to determine the order or the cointegrating equation. Granger causality test was used to check for causal relationship among the variables (i.e uni-directional, bi-directional or feedback) and then the Vector Error Correction to check for a short-run or long-run relationship among the three variables. The results indicate that all the three variables are non-stationary at levels, but became stationary after first differencing once. The three variables are cointegrated with at most one ciontegrating equation; b-bidirectional causality runs among the three variables. The VECM suggested a long-run relationship among the three. 60 pp. Englisch.…

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Title
A Vector Autoregressive (Var) Cointegration And Vec Model For Nigeria
Author
Hamidu Chamalwa Aliyu
Publisher
LAP LAMBERT Academic Publishing Sep 2017
Publication year
2017
Condition
Neu
Binding
Taschenbuch
Language
English
ISBN 10
3330083050
ISBN 13
9783330083059
Item weight
107 grams
Dimensions
220x150x4 mm

BuchWeltWeit Ludwig Meier e.K.

Bergisch Gladbach, Germany

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AbeBooks seller since January 11, 2012

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BuchWeltWeit Ludwig Meier e.K.

Germany