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Do survey-based expectations mimic inflation in Nigeria?

Ibrahim, Adamu - In: CBN Journal of Applied Statistics 06 (2015) 1, pp. 301-315

Survey-based expectations are mostly used by monetary authorities for inflation forecasts and evaluation of the credibility of their inflation fighting policies. It is also an important link in the monetary policy transmission mechanism. This study examined the predictive ability of business...

Persistent link: https://www.econbiz.de/10011482612

Is the CFA Franc prone to speculative attacks or a contagion effect: A stochastic-Markov transition analysis for Cameroon

Nkwatoh, Louis Sevitenyi; Cornelius, Kwanga - In: CBN Journal of Applied Statistics 10 (2019) 1, pp. 97-117

era, the level of uncertainty remains equally high. The findings confirm that exchange rate devaluation influences the …

Persistent link: https://www.econbiz.de/10012229204

Contributions of financial sector reforms and credit supply to Nigerian agricultural sector (1978-2009)

Onoja, Anthony O.; Onu, M. E.; Ajodo-Ohiemi, S. - In: CBN Journal of Applied Statistics 02 (2011) 2, pp. 83-98

This study analyzed the trends and pattern of institutional credit supply to agriculture during pre- and post-financial reforms along with their determinants. It then compared the effects of reform policies on access to institutional credits in Nigerian agricultural sector before and after the...

Persistent link: https://www.econbiz.de/10011482564

On numerical solution for optimal allocation of investment funds in portfolio selection problem

Yahaya, Abubakar - In: CBN Journal of Applied Statistics 03 (2012) 2, pp. 1-15

In this article, we present a procedure for obtaining an optimal solution to the Markowitz's mean-variance portfolio selection problem based on the analytical solution developed in a previous research that lead to the emergence of an important model known as the Black Model. The procedure is...

Persistent link: https://www.econbiz.de/10011482574

Determinants of economic growth in Nigeria

Ajide, Kazeem B. - In: CBN Journal of Applied Statistics 05 (2014) 2, pp. 147-170

This paper investigates the role of Frazer Economic Freedom Index on FDI-growth relationship over the period spanning 1980 through 2010 using annual time series data. A Multivariate Regression approach was employed to estimate augmented growth models. Quite intriguingly, the impact of...

Persistent link: https://www.econbiz.de/10011518782

The relationship between domestic savings and investment: The Feldstein-Horioka test using Nigerian data

Nasiru, Inuwa; Usman, Haruna M. - In: CBN Journal of Applied Statistics 04 (2013) 1, pp. 75-88

This study explores the relationship between savings and investment in Nigeria during the period 1980-2011. Unlike … that there is a long run relationship between savings and investment. This result is consistent with a number ofearlier … studies reviewed in the literature that found saving and investment to be cointegrated in thelong run. The results also …

Persistent link: https://www.econbiz.de/10011482586

Monetary policy and unemployment in Nigeria: Is there a dynamic relationship?

Essien, Sunday N.; Manya, Garba A.; Arigo, Mary O. A.; … - In: CBN Journal of Applied Statistics 07 (2016) 1, pp. 209-231

This paper examines the link between unemployment and monetary policy in Nigeria using a vector autoregressive (VAR) framework for the period 1983q1 - 2014q1. The paper investigates the effect of structural change by identifying three structural breakpoints and incorporating them into the VAR...

Persistent link: https://www.econbiz.de/10011961640

Inflation and inflation uncertainty in Nigeria: A test of the Friedman's hypothesis

Bamanga, Muhammad A.; Musa, Umar; Salihu, Audu; … - In: CBN Journal of Applied Statistics 07 (2016) 1, pp. 147-169

This paper examines the relationship between inflation and inflation uncertainty in Nigeria. It attempts to test … whether the Friedman's hypothesis - that a rise in the average rate of inflation leads to more uncertainty about future rate …. Inflation uncertainty was modeled as a time varying process using a GARCH framework. Exponential Generalized Autoregressive …

Persistent link: https://www.econbiz.de/10011518795