THE NEXUS BETWEEN THEEXTERNAL SECTOR AND INFLATION IN NIGERIA, 1985 -2018
- Rivers State University, Department of Economics, Port Harcourt, Nigeria.
- Ignatius Ajuru University of Education, Department of Economics, Port Harcourt, Nigeria.
- Rivers State University, Department of Economic, Port Harcourt, Nigeria.
Abstract
The interaction between different economies in the global market could have impact on their key economic variables. Hence, this study set out to examine the impact of the external sector on a key economic variable in Nigeria being Inflation. The study utilized time series data from 1985 to 2018 which was subjected to Augmented Dickey Fuller Test. The next step was to subject the data to an ARDL cointegration test. The result showed that in the short run and long run external sector variables do not have any significant impact on inflation in Nigeria. The paper suggests that money supply and fiscal policy should be used to control inflation in Nigeria.
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How to Cite This Article
Leera Lenu Kpagih, Deekor Leelee N and Ezebunwo Nyeche (2021); THE NEXUS BETWEEN THEEXTERNAL SECTOR AND INFLATION IN NIGERIA, 1985 -2018, International Journal of Advanced Research (IJAR), 9 (11), 1151-1160, ISSN 2320-5407. DOI: https://doi.org/10.21474/IJAR01/13853
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