International records / OpenAlex research

Money control indicators and investment in Nigeria

This study empirically investigates the impact of money control indicators on investment in Nigeria. This study was necessitated by the apparent failure of the increasing volume of money supply in the Nigerian economy to induce a corresponding increase in investment, output and employment. The study made use of secondary data covering a period of 34 years from 1980 to 2013. Data were sourced from World Bank indicators and CBN Statistical Bulletin. Econometric techniques such as unit root test, co-integration, vector autoregressive model, and impulse response and variance decomposition analysis…