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Cointegration and Error Correction Analysis of Inflation and Economic Growth in Nigeria (2000–2025)

This study examined the effect of inflation on economic growth in Nigeria from 2000 to 2025 using the Johansen cointegration technique and the Error Correction Model (ECM). Secondary data on inflation, interest rate, exchange rate, and real gross domestic product were obtained from the World Development Indicators (WDI) published by the World Bank and analyzed using the ECM approach. The results reveal that inflation has a negative but statistically insignificant effect on economic growth, with a coefficient of -0.512479 (p = 0.3372). Interest rate shows a negative and statistically significan…

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    from https://iiardjournals.org/get/IJEFM/VOL. 11 NO. 5 2026/COINTEGRATION AND ERROR CORRECTION 194-203.pdf