THE MACROECONOMIC DETERMINANTS OF ECONOMIC GROWTH IN NIGERIA

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RESEARCH INFORMATION

✎: THE MACROECONOMIC DETERMINANTS OF ECONOMIC GROWTH IN NIGERIA

❐: Chapter 1 – 5
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Keywords: THE MACROECONOMIC DETERMINANTS OF ECONOMIC GROWTH IN NIGERIA

 

RESEARCH BODY

TABLE OF CONTENTS

CHAPTER ONE: INTRODUCTION

1.1            Background to the Study

1.2            Statement of the Problem

1.3            Objective of the Study

1.4            Research Question

1.5            Hypotheses

1.6            Justification for the Study

1.7            Scope of the Study

1.8            Significance of the Study

1.9            Operationalization of Variables

1.10          Operational Definition of Terms

CHAPTER TWO: REVIEW OF LITERATURE

2.1       Conceptual Review

2.1.1    Concept of Gross Domestic Product (GDP)

2.1.2    Concept of Inflation

2.1.3    Concept of Exchange Rate

2.1.4    Concept of Interest Rate

2.1.5    Concept of Unemployment

2.1.6    Overview of Macroeconomic Indicators and Economic Growth

Content

2.1.7    Conceptual Design

2.2       Theoretical Review

2.2.1    Theories of Economic Growth

2.2.1.1  Classical Growth Theory

2.2.1.2  Harrod-Domar Growth Theory

2.2.1.3  Augmented Solow Growth Theory

2.2.1.4  Endogenous Growth Theory

2.2.2     Theories of Inflation

2.2.2.1  Monetary Theory of Inflation

2.2.2.2  Structural Inflation Theory

2.2.2.3  Rational Expectation Revolution

2.2.2.4   Phillips Curve

2.2.3     Theories of Unemployment

2.2.3.1  Keynesian Theory of Unemployment                                                                          

2.2.3.2  Marxian Theory of Unemployment

2.2.3.3  New Keynesian Theory

2.2.3.4 Okun’s Law

2.2.4     Theories of Interest Rate

2.2.4.1  Loanable Funds Theory

2.2.4.2  Keynesian Theory

2.2.5     Theories of Exchange Rate

2.2.5.1  Purchasing Power Parity (PPP)

2.2.5.2  Keynesian Absorption Approach

2.2.6     Theoretical Linkage of the Theories to the Study

2.2.7     Theoretical Framework

2.2.7.1  Augmented Solow Growth Model

2.2.7.2  Endogenous Growth Model

2.3        Empirical Evidence

2.3.1     Developed Countries

2.3.2     Developing and Emerging Economies

Content

2.3.3     Empirical Evidence In Nigeria

2.3.4     Gaps in Literature

CHAPTER THREE: METHODOLOGY

3.0 Introduction

3.1 Research Design

3.2 Population

3.3 Sources of Data

3.4 Justification of the Variables

3.5 Model Specification

3.6 Method of Data Analysis

3.6.1 Pre Estimation Tests

3.6.1.1 Normality Test and Descriptive statistics

3.6.1.2 Stationarity Tests (ADF and PP)

3.6.1.3 Cointegration Test

3.6.1.4 Lag Length Determination

3.6.1.5 Autoregressive Distributed Lag Model

3.6.1.6 Causality Test

3.6.2    Post Estimation Tests

3.6.2.1 Autocorrelation Test

3.6.2.2 Heteroskedasticity Test

 

Keywords: THE MACROECONOMIC DETERMINANTS OF ECONOMIC GROWTH IN NIGERIA

 


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Keywords: THE MACROECONOMIC DETERMINANTS OF ECONOMIC GROWTH IN NIGERIA

 


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