The Nigerian Economy: A Macroeconometric and Input-output Model

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Praeger, Jan 1, 1990 - Business & Economics - 192 pages
This book combines descriptive, technical, empirical, policy evaluation, and forecasting methodologies to provide a systematic analysis of the the Nigerian economy. The author develops and tests an integrated macroeconomic input-output model of the economy's workings, using it to explain Nigeria's recent economic growth and development and to forecast the country's future growth prospects. The model also enables Oshikoya to provide a source of information on estimates of the structural parameters of the Nigerian economy; to evaluate the role of government policy in determining general levels of economic activity; to study the relationships among the major economic variables and the determinants of their magnitudes, composition, and rates of change over time; and to examine the impacts of such factors as fluctuations in the world petroleum market, technological change, and external debt accumulation on economic growth in Nigeria.

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Contents

Chapter
1
THEORETICAL MODEL OF THE NIGERIAN ECONOMY
43
ECONOMETRIC ESTIMATION OF THE MODEL
70
TRACKING PERFORMANCE OF THE MODEL
99
FORECASTING EXPERIMENTS WITH THE MODEL
125
EXTERNAL BORROWING SIMULATION
147
SUMMARY AND CONCLUSIONS
157
APPENDIX
163
INDEX
187
ABOUT THE AUTHOR
193
Copyright

About the author (1990)

TEMITOPE WAHEED OSHIKOYA is an Assistant Professor of Economics at the University of New Brunswick, Canada, and a former Economics Consultant to the World Bank.

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