Dynamic interaction between inflation and credit Rationing: the case of Nigeria
This study examines the dynamic interaction between inflation and credit rationing in the case of Nigeria for the period 1970-2011. It uses time-series data obtained from the Central Bank of Nigeria (CBN) Statistical Bulletin in its analysis of examining the long run and causal relationship between...
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Academy of Business & Retail Management
2015-07-01
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Online Access: | http://ijbed.org/admin/content/pdf/i-8_c-83.pdf |
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doaj-ae4125839bd64fa584df6e7272a99e3f2020-11-25T01:46:43ZengAcademy of Business & Retail ManagementInternational Journal of Business & Economic Development2051-848X2051-84982015-07-01323946Dynamic interaction between inflation and credit Rationing: the case of NigeriaAkinkoye Ebenezer Y0Sanusi Kazeem A1Moses Peter O2Obafemi Awolowo University, Ile-Ife, Nigeria.Obafemi Awolowo University, Ile-Ife, Nigeria.Obafemi Awolowo University, Ile-Ife, Nigeria.This study examines the dynamic interaction between inflation and credit rationing in the case of Nigeria for the period 1970-2011. It uses time-series data obtained from the Central Bank of Nigeria (CBN) Statistical Bulletin in its analysis of examining the long run and causal relationship between inflation and credit rationing. In doing so, it employs the Autoregressive Distributed Lag (ARDL) bounds testing procedure suggested by Pesaran et al. (2001) and the Granger causality test suggested by Toda and Yamamoto (1995). Empirical findings reveal that although there is an evidence of a long run relationship between credit rationing and inflation, no pattern of such long run relationship is established. The results reveal further that there is no evidence of causality in either direction between inflation and credit rationing in Nigeria. Consequently, the study recommends, among other policy implications, that financial reforms may be pursued without adversely affecting the purchasing power of the citizenry.http://ijbed.org/admin/content/pdf/i-8_c-83.pdfInflation; Credit Rationing; Nigeria; ARDL; Toda and Yamamoto |
collection |
DOAJ |
language |
English |
format |
Article |
sources |
DOAJ |
author |
Akinkoye Ebenezer Y Sanusi Kazeem A Moses Peter O |
spellingShingle |
Akinkoye Ebenezer Y Sanusi Kazeem A Moses Peter O Dynamic interaction between inflation and credit Rationing: the case of Nigeria International Journal of Business & Economic Development Inflation; Credit Rationing; Nigeria; ARDL; Toda and Yamamoto |
author_facet |
Akinkoye Ebenezer Y Sanusi Kazeem A Moses Peter O |
author_sort |
Akinkoye Ebenezer Y |
title |
Dynamic interaction between inflation and credit Rationing: the case of Nigeria |
title_short |
Dynamic interaction between inflation and credit Rationing: the case of Nigeria |
title_full |
Dynamic interaction between inflation and credit Rationing: the case of Nigeria |
title_fullStr |
Dynamic interaction between inflation and credit Rationing: the case of Nigeria |
title_full_unstemmed |
Dynamic interaction between inflation and credit Rationing: the case of Nigeria |
title_sort |
dynamic interaction between inflation and credit rationing: the case of nigeria |
publisher |
Academy of Business & Retail Management |
series |
International Journal of Business & Economic Development |
issn |
2051-848X 2051-8498 |
publishDate |
2015-07-01 |
description |
This study examines the dynamic interaction between inflation and credit rationing in the case of Nigeria for the period 1970-2011. It uses time-series data obtained from the Central Bank of Nigeria (CBN) Statistical Bulletin in its analysis of examining the long run and causal relationship between inflation and credit rationing. In doing so, it employs the Autoregressive Distributed Lag (ARDL) bounds testing procedure suggested by Pesaran et al. (2001) and the Granger causality test suggested by Toda and Yamamoto (1995). Empirical findings reveal that although there is an evidence of a long run relationship between credit rationing and inflation, no pattern of such long run relationship is established. The results reveal further that there is no evidence of causality in either direction between inflation and credit rationing in Nigeria. Consequently, the study recommends, among other policy implications, that financial reforms may be pursued without adversely affecting the purchasing power of the citizenry. |
topic |
Inflation; Credit Rationing; Nigeria; ARDL; Toda and Yamamoto |
url |
http://ijbed.org/admin/content/pdf/i-8_c-83.pdf |
work_keys_str_mv |
AT akinkoyeebenezery dynamicinteractionbetweeninflationandcreditrationingthecaseofnigeria AT sanusikazeema dynamicinteractionbetweeninflationandcreditrationingthecaseofnigeria AT mosespetero dynamicinteractionbetweeninflationandcreditrationingthecaseofnigeria |
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