The Nigerian Economy: A Macroeconometric and Input-output Model
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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THEORETICAL MODEL OF THE NIGERIAN ECONOMY
ECONOMETRIC ESTIMATION OF THE MODEL
TRACKING PERFORMANCE OF THE MODEL
FORECASTING EXPERIMENTS WITH THE MODEL
EXTERNAL BORROWING SIMULATION
SUMMARY AND CONCLUSIONS
ABOUT THE AUTHOR