AN ANALYSIS OF THE DETERMINANTS OF INFLATION IN NIGERIA

TABLE OF CONTENTS

Title page i

Approval Page ii

Iii Dedication

Acknowledgements

V Summary

Table of Contents vi

CHAPTER ONE: INTRODUCTION

1.1 Background of the study 1

1.2 Statement of the problem 3

1.3 Objectives of the study 4

1.4 Research Hypothesis 4

1.5 Importance of the study 5

1.6 Scope and limitations of the study 6

CHAPTER TWO

2.1 Literature Review 7

2.2 Theoretical examination 7

2.2.1 effects of inflation 11

2.2.2 determinant of inflation in Nigeria 13

2.3 empirical examination 16

2.3.1 The Nigerian inflationary recent experience 17

2.4 Limitations of the previous study. 20

CHAPTER THREE

3.0 Research Methodology 22

3.1 Research Design 22

3.2 Methodology 22

3.3 Specification Model 23

3.4 Assessment Model 23

3.5 Economic Criteria 24 A’priori

3.6 Criteria statistics or first class 25

3.7 Econometric Test Criteria or second order 26

3.8 Data requirements and sources 27

CHAPTER FOUR: PRESENTATION AND DATA ANALYSIS

4.1 Presentation and interpretation of results 28

4.2 Economic criteria a’priori 29

4.3 statistical criteria (first control test) 30

4.4 econometric criteria 33

CHAPTER FIVE

5.1 Summary of Findings, Recommendations and Conclusion 38

5.2 Recommendations 39

5.3 Conclusion 40

Bibliography 41

Appendix