期刊名称:Arabian Journal of Business and Management Review
电子版ISSN:2223-5833
出版年度:2012
卷号:1
期号:12
出版社:Sohar University, Oman and American University of Kuwait
摘要:It is a popular believes that money is a substitute to a barter trade system and very important event in the history of finance in nearly all facet of human economy. This paper examined the relationship between money and finance in circulation flow and the Nigeria economy. The data were generated from the CBN statistical bulletin and annual reports covering the period of 1970-2011. Econometric software - E-views 3.1 was used to analyze the data. The finding showed that a slight change in MS, TGE and CPI result in the correspondent increase in GDP by 5.2%, 5.7% and 3521.11% respectively. There were impact of MS on TGE and CPI on MS in the short run with respect to the Nigerian economic growth. Finally GDP was found to statistically significant in the current year.