Does seasonality and stochastic cycles affect output growth in Nigeria? Lessons for development planning

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dc.contributor.authorOgujiuba, Kanayo
dc.contributor.authorAbraham, Terfa W.
dc.contributor.authorStiegler, Nancy
dc.date.accessioned2018-06-05T13:34:05Z
dc.date.available2018-06-05T13:34:05Z
dc.date.issued2016
dc.description.abstractThis paper examines the seasonality and stochastic cycle associated with GDP growth in Nigeria using two measures of filter. Our findings include, that the Christiano & Fitzgerald (2003) filter removed low-periodicity stochastic cycles associated with output growth in Nigeria compared to the Hodrick Prescott filter. The smoothed GDP trend further revealed that growth in Nigeria was higher but unstable in periods of development planning than in periods without development plans. This suggests that development planning in Nigeria was not accompanied by judicious mix of fiscal and monetary policy in the 1980s/1990s. Likewise, effort to achieve sustainable growth and development, since the return to democracy in 1999, has not been accompanied by effective planning. To achieve inclusive development therefore, there is the need to return to development planning in order to address the destruction meted by insurgents in the North east and the lack of inclusiveness in Nigeria’s growth observed in recent times.en_US
dc.description.accreditationIBSS
dc.identifier.citationOgujiuba, K. et al. (2016). Does seasonality and stochastic cycles affect output growth in Nigeria? Lessons for development planning. Journal of Economics and Behavioral Studies, 8(3): 48-53en_US
dc.identifier.issn2220-6140
dc.identifier.urihttp://hdl.handle.net/10566/3773
dc.language.isoenen_US
dc.privacy.showsubmitterFALSE
dc.publisherInternational Foundation for Research and Development (IFRD)en_US
dc.rightsThis work is licensed under a Creative Commons Attribution 4.0 International License.
dc.status.ispeerreviewedTRUE
dc.subjectOutput growthen_US
dc.subjectSeasonality and stochastic cyclesen_US
dc.subjectDevelopment planningen_US
dc.titleDoes seasonality and stochastic cycles affect output growth in Nigeria? Lessons for development planningen_US
dc.typeArticleen_US

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