Central Bank of Nigeria, Research Department.
Economic growth, Income inequality, Variance decomposition, Impulse response function, Equity, Macroeconomic stability, Nigeria
This paper examined the existing relationship among economic growth, poverty and income inequality in Nigeria using the Vector Auto-regressive (VAR) model and the Engle-Granger technique to test for the causality existing among the variables, the results revealed that economic growth had no impact on poverty reduction and income distribution in Nigeria due its non-inclusive nature.
Okafor, H. O. (2006). Economic growth, poverty and income inequality matrix in Nigeria: a further investigation. CBN Economic and Financial Review, 54(1), 25-42.