頁籤選單縮合
題 名 | Relationship between Interest Rate and Selected Macroeconomic Variables in Nigeria |
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作 者 | Lamidi, Lukuman Olalekan; | 書刊名 | International Journal of Information, Business and Management |
卷 期 | 14:3 2022.08[民111.08] |
頁 次 | 頁1-9 |
分類號 | 562.32 |
關鍵詞 | |
語 文 | 英文(English) |
英文摘要 | Understanding the factors that determine interest rate is important in signaling relevant policies that can influence interest rate in the economy. This study examine the impact of Budget Deficit (BD), Economic Growth (GRGDP), Inflation Rate (INF), Exchange Rate (EXCHR) and Private Investment (INV) on Interest Rate (INTR) in Nigeria. The results of the stationarity test indicates that only INF is stationary at level while other variables are only stationary at first difference. The results support the Keynesian proposition as budget deficit had no significant effect on interest rate at 5%. Only economic growth and inflation rate had statistically significant impact on interest rate at 5% significant level. The study recommends that exchange rate and investment level should not be used as policy variables to influence interest rate in Nigeria. |
本系統中英文摘要資訊取自各篇刊載內容。