LONG RUN RELATIONSHIP BETWEEN PRIVATE INVESTMENT AND MONETARY POLICY IN NIGERIA

Onuorah Anastasia Chi-Chi; Chigbu, E.E

doi:10.65453/ajbmr.v1i10.293

LONG RUN RELATIONSHIP BETWEEN PRIVATE INVESTMENT AND MONETARY POLICY IN NIGERIA

Authors

Onuorah Anastasia Chi-Chi Department of Accounting, Banking and Finance, Faculty of Management Sciences, Delta State University, Asaba Campus.
Chigbu, E.E Department of Management Technology (FMT) School of Management Technology Federal University of Technology, Owerri (FUTO) PMB 1526 Owerri, Imo State, Nigeria

DOI:

https://doi.org/10.65453/ajbmr.v1i10.293

Keywords:

Private Investment, Monetary Policy, Co-Integration, Vector Auto-Regression, Granger, Johansen Test

Abstract

The paper investigated the relationship between financial sector development and economic growth in Nigeria for the period 1980-2009. Functional monetary policy measure was used to empirically determine the long run relationship of private investment and economic growth in Nigeria. Appling Vector Auto-Regression Model technique to test the stationary series of variables and the result showed that money supply has a negative but GDP and Others have positive significant impact on private investment in Nigeria in the short run but the variables became statistically significant in the long run. This implies that the monetary policy in Nigeria has positively affected the growth of private investment in the Nigeria economy.

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Published

05-06-2012

Issue

Vol. 1 No. 10 (2012): Kuwait Chapter of Arabian Journal of Business and Management Review

Section

Articles

License

This work is licensed under a Creative Commons Attribution 4.0 International License.

How to Cite

LONG RUN RELATIONSHIP BETWEEN PRIVATE INVESTMENT AND MONETARY POLICY IN NIGERIA. (2012). Arabian Journal of Business and Management Review (AJBMR), 1(10), 45-55. https://doi.org/10.65453/ajbmr.v1i10.293