No abstract

The study investigated the dynamics of Nigeria's monetary and fiscal policies, focusing specifically on the effects on the growth of Nigerian economy. The fundamental objective is to examine the effect of monetary and fiscal policy in Nigerian economic growth. The paper employed the Engle-Granger and Johansen-Joselius method of co-integration in a VECM setting. The empirical results demonstrated that there exist a long-run linear relationship between the dependent variable and the explanatory variables, meaning that both monetary and fiscal policy contributed to the growth of Nigerian economy. Based on the above reason the paper, therefore recommended that both monetary and fiscal policy should have the same objectives at a time.

This paper examines the effect of deposit money banks intermediation role on economic growth and development in Nigeria. The main objective of the research was to ascertain the extent to which sectorial credit allocation by deposit money banks have influenced growth in the economy. Time series data covering the period 1973-2011 for deposits money banks credits in Nigeria and per capita gross domestic product were analyzed within the framework of Engle-Granger Representation Theorem; the approach estimated a co-integrating regression using the ordinary least square estimator, and then investigated the presence of a co-integration relation by examining the stationarity of the estimated residual series. The findings indicate that credit allocation to the production sector is significantly promoting economic activity. The implication that can be drawn from this study is that to ensure that the banking system performs its role of credit allocation effectively it must channel funds into productive investment and more productive uses; deposit money banks should act as efficient financial intermediaries devoted to allocating resources to the most productive uses.

<p>The study examined the extent of public debt crisis and its consequences on economic development using data from Nigerian economy for the period 1970 to 2010. It employed the error correction framework and co-integration techniques to test the relationship between per-capita gross domestic product and macroeconomics variables. The test reveals that there is long relationship between dependent and the independent variables. This implies that political instability may reduce rate development and other independent variables are responsible for the underdevelopment of Nigeria. Hence, to avoid the crisis of economic development in Nigeria public debt should be reduce to a minimal level.</p><p class="Default"><em><br /></em></p>

This article is centered on the role of the Nigeria capital and economic development. The capital market is primarily established to boast the industrial growth and economic development of Nigeria economy by mobilizing long-term funds and capital formation for investment and productive purposes. Using time series data from 1971-2010 and applying the Engle-Granger and Johansen method of co-integration in a VECM setting estimation technique. The results revealed that in the long run, the Nigerian capital market positively and significantly influence economic development. We therefore recommend that government should put more effort in developing an active new issues market by encouraging more floatation of new issues and create stable environment for business