Interest Rate And Economic Growth In Nigeria Pdf

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Unit root test Augmented Dickey-Fuller test has been exploited to check the integration order of the variables. Alternatives for College Funding March 1, To investigate the impact of interest rate and gross domestic product GDP.

Copyrights for articles published in AJHSS are retained by the authors, with first publication rights granted to the journal. It is the author's responsibility to bring an infringement action if so desired by the author. Fundamentally, the period of the study was fractured into two prominent distinctions of economic era - the regulation era and the deregulation era.

Impact of Interest Rate on Economic Growth in Nigeria

The study adopted ordinary least square OLS method of analysis. The long run relationship between the variables was analyzed using the Johansen integration test. However, the Augmented Dickey Fuller test performed showed that only inflation is not stationary at first difference. The direction of causality and trend analysis was also performed on variables.

It found out that Inflation and Interest rate has a negative effect on Economic growth but neither Inflation nor Interest rate granger causes economic growth. The work concludes with the recommendation that policy makers should focus on maintaining inflation at a low rate single digit and ensuring interest rate stability.

Home Journals Conferences Books About us. European Journal of Business and Management. Font Size. Key words: Inflation, interest rates, economic growth, Nigeria.

The study adopted ordinary least square OLS method of analysis. The long run relationship between the variables was analyzed using the Johansen integration test. However, the Augmented Dickey Fuller test performed showed that only inflation is not stationary at first difference. The direction of causality and trend analysis was also performed on variables. It found out that Inflation and Interest rate has a negative effect on Economic growth but neither Inflation nor Interest rate granger causes economic growth. The work concludes with the recommendation that policy makers should focus on maintaining inflation at a low rate single digit and ensuring interest rate stability. Home Journals Conferences Books About us.

This study establishes whether there is a threshold above which the effect of the interest rate on economic and investment growth changes. This, intension of setting the economy on the path of growth. They influence the cost of borrowing, the return on savings, and are an important … An interest rate is the cost of borrowing money. It is often argued that many economies are affected by conditions in foreign countries. The interest rate therefore has several roles to play in the economy and these roles are fairly closely linked. Indonesia, the interest rate can be controlled by strengthening the role of the regional There are many interest rates in the economy—mortgage interest rates, car loan rates, and interest rates on many different types of bonds.

Skip to search form Skip to main content You are currently offline. Some features of the site may not work correctly. The Nigerian economy faced numerous challenges which impacted the overall economic activity and has witnessed crises with devastating consequences on the world commodity prices as a result of global economics. The Study examined the impact of interest rate of economic growth in Nigeria from to

 Я знаю, - услышала Сьюзан собственный едва слышный голос. - Нам нужна ваша помощь. Она с трудом сдерживала слезы. - Стратмор… он… - Мы знаем, - не дал ей договорить Бринкерхофф.  - Он обошел систему Сквозь строй.

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5 Response
  1. Remedios A.

    PDF | The focus of this study is on the assessment on the effect of interest rate on Economic Growth of Nigeria. The study adopted an.

  2. Puetersrabi

    Study examined the impact of interest rate on economic growth in Nigeria from to The result found that the interest rate has a slight impact on growth; however the growth can be improved by lower the interest rate which will increase the investment.

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