2018, Volume 71 - Issue 4
RSS feed citation: At RePEc
Publication date: 07 November 2018
IMPACT OF TRADE OPENNESS ON ECONOMIC GROWTH: EMPIRICAL EVIDENCE FROM SOUTH AFRICARead the article
TRADE OPENNESS AND ECONOMIC GROWTH IN SADC COUNTRIESRead the article
CAUSALITY TESTING BETWEEN TRADE OPENNESS, FOREIGN DIRECT INVESTMENT AND ECONOMIC GROWTH: FRESH EVIDENCE FROM SUB-SAHARAN AFRICAN COUNTRIESRead the article
Oluremi OGUN, University of Ibadan, Ibadan, Nigeria
This study investigates the macroeconomic sources of output fluctuations in Nigeria. The study was conducted within the context of stabilization policies. The analysis covered the period, 1960 to 2013. Typical of the macroeconomic sources investigated were monetary, fiscal, trade and external sector allied issues as well as strictly exogenous developments. Two analytical approaches were applied to detrended data series in the study. The outcome of the exercise suggested policy directions with narrow money and foreign real interest rate pinpointed as the principal causes of output fluctuations. An optimal response of policy to cycles originating outside the economy was also outlined.
Macroeconomic Theory, Business Cycles
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