📄 Research Article
AJCR Vol. 6, No. 9 (2019)
INFLATION RATE AND ECONOMIC GROWTH RATE RELATIONSHIP: A STATISTICAL EVIDENCE FROM NIGERIA
Nwaoha William Chimee Ph D 1 & Atanu Enebi Yahaya 2 & Ikoro Uzoma Eunice 3 & Ohajianya Uzoma Bernard 3
1 School of General Studies,Federal Polytechnic of Oil and Gas, Bonny Island, Rivers State, Nigeria
2 Department of Statistics, Federal Polytechnic of Oil and Gas, Bonny Island, Rivers State, Nigeria.
3 Department of Business Admin. & Mgt., Abia State Polytechnic, Aba, Abia State, Nigeria.
2 Department of Statistics, Federal Polytechnic of Oil and Gas, Bonny Island, Rivers State, Nigeria.
3 Department of Business Admin. & Mgt., Abia State Polytechnic, Aba, Abia State, Nigeria.
Open Access
Peer Reviewed
Research Article
Abstract
This study used Ordinary Least Square (OLS) method to examine the inflation rate and economic growth rate (proxy by GDPGR) relationship in Nigeria during the period 1982-2018. The data such as inflation rate (INFR) and gross domestic product growth rate (GDPGR) were obtained from Central Bank of Nigeria (CBN) Statistical Bulletin. The result of the finding revealed that inflation rate has an inverse and significant relationship with GDPGR. This implies that a fall in inflation rate will lead to a rise in economic growth rate. Therefore, the researchers recommend that in order to ensure a sustainable economic growth rate in Nigeria, effective monetary and fiscal policies and other non-monetary measures should be used by the government to combat inflation rate.
Keywords:
INFR, GDPGR, OLS, CBN
📑 How to Cite This Article
APA 7th Edition:
Nwaoha William Chimee Ph D, Atanu Enebi Yahaya, Ikoro Uzoma Eunice, Ohajianya Uzoma Bernard (2019). INFLATION RATE AND ECONOMIC GROWTH RATE RELATIONSHIP: A STATISTICAL EVIDENCE FROM NIGERIA. Academic Journal of Current Research, 6(9), 1-8. https://doi.org/
Nwaoha William Chimee Ph D, Atanu Enebi Yahaya, Ikoro Uzoma Eunice, Ohajianya Uzoma Bernard (2019). INFLATION RATE AND ECONOMIC GROWTH RATE RELATIONSHIP: A STATISTICAL EVIDENCE FROM NIGERIA. Academic Journal of Current Research, 6(9), 1-8. https://doi.org/
Vancouver Style:
Nwaoha William Chimee Ph D, Atanu Enebi Yahaya, Ikoro Uzoma Eunice, Ohajianya Uzoma Bernard. INFLATION RATE AND ECONOMIC GROWTH RATE RELATIONSHIP: A STATISTICAL EVIDENCE FROM NIGERIA. Acad. J. Curr. Res.. 2019;6(9):1-8. DOI:
Nwaoha William Chimee Ph D, Atanu Enebi Yahaya, Ikoro Uzoma Eunice, Ohajianya Uzoma Bernard. INFLATION RATE AND ECONOMIC GROWTH RATE RELATIONSHIP: A STATISTICAL EVIDENCE FROM NIGERIA. Acad. J. Curr. Res.. 2019;6(9):1-8. DOI:
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