•  
  •  
 

Economic and Financial Review

Publisher

Research Department, Central Bank of Nigeria.

Keywords

Private investment, Trade and exchange rate, Fiscal, Domestic interest rates, Public investment.

Abstract

Despite a decade of profound macroeconomic adjustments, the record of private investment recovery has been disappointing. This paper empirically investigates the determinants of private investment in Nigeria. The results reveal that a combination of internal disequilibria and external shocks account for the slow pace of private investment resurgence. Conclusively, the paper advocates the synchronization of monetary, fiscal, trade and exchange rate policies of government in a mutually reinforcing manner to facilitate the attainment of the objectives of price stability, higher rates of investment and growth.

Issue

35

Volume

1

Recommended Citation

Chete, L. N. and Akpokodje, G. (1997). Macroeconomic determinants of domestic private investment in Nigeria: an empirical exploration. Economic and Financial Review, 35(1), 43–58.

Share

COinS
 
 

To view the content in your browser, please download Adobe Reader or, alternately,
you may Download the file to your hard drive.

NOTE: The latest versions of Adobe Reader do not support viewing PDF files within Firefox on Mac OS and if you are using a modern (Intel) Mac, there is no official plugin for viewing PDF files within the browser window.