Study Examine The Effect of Monetary Policy on Income Generation in Nigeria
Study Examine The Effect of Monetary Policy on Income Generation in Nigeria
Author(s): Murat Akyüz, Michael Isaac Opusunju, Jiya Ndalo SanteliSubject(s): Economic policy, Economic development, Transformation Period (1990 - 2010), Present Times (2010 - today), Accounting - Business Administration
Published by: SD Yayınevi
Keywords: Monetary Policy; Interest rate; exchange rate; inflation rate and income generation;
Summary/Abstract: The study examined the effect of monetary policy on income generation for the period of 11 years from 2007 to 2017. The adopted ex-post facto research design and used data from Central bank of Nigeria statistical bulletin. The study adopted regression with the aid of E-view statistical software package to analysed data. The found that monetary policy contributes significantly to income generation in Nigeria. This implies that there is a significant relationship between monetary policy (interest rate, inflation rate and exchange rate) and income generation (per capita income) in Nigeria. The study recommended that monetary policy in Nigeria should be regulated with strict consideration of how to control or reduce high interest rate, inflation rate and also improve exchange rate in Nigeria since it can generate or increase per capita income of the people of Nigeria.
Journal: Uluslararası Sosyal Bilimler Dergisi
- Issue Year: 4/2020
- Issue No: 18
- Page Range: 37-52
- Page Count: 16
- Language: English