Have a personal or library account? Click to login

Monetary Policy Spillovers Through Industrial Growth in Nigeria: A Time Series Analysis

Open Access
|May 2019

References

  1. Adefeso, H. A. & Mobolaji, H. I. (2010). The fiscal–monetary policy and economic growth in Nigeria: Further Empirical Evidence. Pakistan Journal of Social Sciences, 7(2), 137–142. https://doi.org/10.3923/pjssci.2010.137.14210.3923/pjssci.2010.137.142
  2. Adeleke, I. A., Uboh, V. and Shobande, O. A. (2015). Monetary Policy Toward Inclusive Growth in Nigeria. Journal of Social Science, Nigeria Economics Society. University of Ibadan. 57(2), 80–114.
  3. Adeoye, W B. and Saibu, M. O. (2014). Monetary Policy Shocks and Exchange Rate Volatility in Nigeria, Asian Economic and financial Review, 4(4), 544–562.
  4. Adeoye, W. B. and Shobande, O. A. (2016). Emergence of the New Monetary Policy Mandate and Macroeconomic Shock: A VAR Approach. Journal of Economic policy and Development. Department of Economics, University of Lagos, 1(1), 47–56.
  5. Ajisafe, R. A., and Folorunso, B. A. (2002). The relative effectiveness of fiscal and monetary policy in macroeconomic management in Nigeria. Nigeria The African Economic and Business Review, 3(1).
  6. Akujobi, L. E. (2012). Monetary Policy and Nigeria’s Economic Development. African Research Review, 4(4), 153–161.10.4314/afrrev.v4i4.69218
  7. Anwor, O. F. and Okorie, G. C. (2016). A reassessment of the Impact of Monetary Policy on Economic Growth: Study of Nigeria”, International Journal of Developing and Emerging Economies, European Centre for Research Training and Development UK 4(1), 82–90.
  8. Bernhard, O. I. (2013). Monetary transmission mechanism in Nigeria: Causality test. Mediterranean Journal of Social Sciences, 4(13), 377–388.
  9. Berument, H. and Dincer, I. N. (2008). Measuring the effects of monetary policy for Turkey. Bilkent University Journal of Economic Cooperation, 29(1), 83–110.
  10. Bhuiyan, R. (2008). The Effects of Monetary Policy Shocks in a Small Open Economy: A Structural VAR Approach. Queen’s University, Kingston, Ontario, Canada.
  11. Chipote, P. and Makhetha-Kosi P. (2016). Impact of Monetary Policy on Economic Growth: A Case study of South Africa, Mediterranean Journal of Social Sciences, MCSER Publishing, Rome-Italy, 5(15).
  12. Chuku, C. A. (2009). Measuring the effects of monetary policy innovations in Nigeria. African Journal of Accounting, Economics, Finance and Banking Research, 5(5), 141–153.
  13. Dele, B. E. (2007). Monetary policy and economic performance of West African Monetary Zone Countries. University of Lagos, Nigeria.
  14. Fasanya, I., Onakoya, A. & Agboluaje, (2013). Does Monetary Policy Influences Economic Growth Michael in Nigeria? Asian Economic and Financial Review, 3(5), 635–646.
  15. Khabo, V. S. (2002). The Impact of Monetary Policy of the Economic Growth of a Small and Open Economy: The case of South Africa, Department of Economics, University of Pretoria.
  16. Baghebo, M. and Ebibai, T. S. (2014). Monetary policy and economic growth in Nigeria (1980–2011). Asia Economic and Financial Review, 4(1), 20–32.
  17. Nouri, M. and Samimi, A. J. (2011). The Impact of Monetary Policy on Economic Growth in Iran. Middle-East Journal of Scientific Research, 9(6), 740–743.
  18. Okoro, A. S. (2013). Impact of monetary policy on Nigeria Economic Growth. Prime Journal of Social Sciences, 2(2), 195–199.
  19. Okwo, I. M. & Eze, F. and Nwoha, C. (2012). Evaluation of monetary policy outcomes and its effect on price stability in Nigeria. Research Journal Finance and Accounting, 3(11), 37–47.
  20. Olorunfemi, S. and Dotun, F. (2008). Stationarity analysis of the impact of monetary policy on economic performance in Nigeria. Pakistan Journal of Social Sciences 5(6), 562–566.
  21. Omoka, P. C. & Ugwuanyi, C. U. (2010). Money, price and output: A causality test for Nigeria. American Journal of Scientific Research, 8, 78–87.
  22. Onyeiwu, C. (2012). Monetary policy and economic growth of Nigeria. Journal of Economic and Sustainable Development, 3(7), 62–70.
  23. Owalabi, A. U. & Adegbite, T. A. (2014). Impact of monetary policy on industrial growth in Nigeria. International Journal of Academic Research in Business and Social Sciences, 4(1), 18–31.
  24. Pesaran, M. H. and Shin, Y. and Smith, R. J. (2001). Bounds Testing Approaches to the Analysis of Level Relationships. Journal of Applied Econometrics, 16, 289–326. https://doi.org/10.1002/jae.61610.1002/jae.616
  25. Rafiq, M. S. and Mallick, S. K. (2008). The effect of monetary policy on output in EMU3: A sign restriction approach. Journal of Macroeconomics, 30(4), 1756–1791. https://doi.org/10.1016/j.jmacro.2007.12.00310.1016/j.jmacro.2007.12.003
  26. Shobande A.O and Oke, M. (2016). SMEs financing, diversification and long-term growth in Nigeria. Caleb Journal of Social and Management Sciences (CJSMS), 2(2).
  27. Starr, M. A. (2005). Does money matter in the CIS? Effects of monetary policy on output and prices. Journal of Comparative Economics, 33(3), 441–461. https://doi.org/10.1016/j.jce.2005.05.00610.1016/j.jce.2005.05.006
  28. Udude, C. (2014). Monetary Policy and Economic Growth in Nigeria (1981-2012). Journal of Policy and Development Studies, 9(1). https://doi.org/10.12816/001119410.12816/0011194
  29. Uhlig, H. (2004). What are the effects of monetary policy on output? Results from an agnostic identification procedure. Department of Economics Humboldt University Journal of Monetary Economics, 52(2), 381–419 https://doi.org/10.1016/j.jmoneco.2004.05.00710.1016/j.jmoneco.2004.05.007
  30. Umaru, A. & Zubairu, A. A. (2012). Effect of inflation on the growth and development of the Nigerian economy (An empirical analysis). International Journal of Business and Social Science, 3(10), 183–193.
Language: English
Page range: 94 - 110
Published on: May 22, 2019
Published by: Riga Technical University
In partnership with: Paradigm Publishing Services
Publication frequency: 1 times per year

© 2019 Olatunji A. Shobande, published by Riga Technical University
This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.