An Econometric Analysis Of The Relationship Between The Gross Domestic Product (Gdp) And Other Selected Macroeconomic Variables In Nigeria.:- Anidimma chinekwu D.
ABSTRACT
The main
objective of this study is to investigate the major macroeconomic variable that
affects the real GDP in Nigeria. Multiple regression approach was used where
GDP was regressed against Net export, implicit deficit, inflation rate,
interest rate, foreign direct investment, exchange rate and federal government
expenditure. Multicolinearity, autocorrelation, heteroscedasticy and overall
test of significant was adopted to make this objective a success. Findings
indicate that variables like implicit deficit, federal government expenditure
and exchange rate were found to be highly correlated. The remaining
uncorrelated variables were used for further tests. Autocorrelation were found
to be absent and there was evidence of heteroscedasticity after testing with
Breausch Pagan Godfrey (BPG) which was corrected by Weighted Least Square
(WLS). Based on the regression model after transformation, it was observed that
all the macroeconomic variables contributes positively to the economic growth
(GDP) of Nigeria.
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--. "An Econometric Analysis Of The Relationship Between The Gross Domestic Product (Gdp) And Other Selected Macroeconomic Variables In Nigeria.:- Anidimma chinekwu D." Repository.mouau.edu.ng. Repository.mouau.edu.ng, 10 Mar. 2025, https://repository.mouau.edu.ng/work/view/an-econometric-analysis-of-the-relationship-between-the-gross-domestic-product-gdp-and-other-selected-macroeconomic-variables-in-nigeria-anidimma-chinekwu-d-7-2. Accessed 30 Apr. 2025.
--. "An Econometric Analysis Of The Relationship Between The Gross Domestic Product (Gdp) And Other Selected Macroeconomic Variables In Nigeria.:- Anidimma chinekwu D.". Repository.mouau.edu.ng, Repository.mouau.edu.ng, 10 Mar. 2025. Web. 30 Apr. 2025. < https://repository.mouau.edu.ng/work/view/an-econometric-analysis-of-the-relationship-between-the-gross-domestic-product-gdp-and-other-selected-macroeconomic-variables-in-nigeria-anidimma-chinekwu-d-7-2 >.
--. "An Econometric Analysis Of The Relationship Between The Gross Domestic Product (Gdp) And Other Selected Macroeconomic Variables In Nigeria.:- Anidimma chinekwu D." Repository.mouau.edu.ng (2025). Accessed 30 Apr. 2025. https://repository.mouau.edu.ng/work/view/an-econometric-analysis-of-the-relationship-between-the-gross-domestic-product-gdp-and-other-selected-macroeconomic-variables-in-nigeria-anidimma-chinekwu-d-7-2