Economic and Financial Review


Central Bank of Nigeria


Velocities, Income, Money, Inome Velocity


This paper attempts to analyse the trend behaviour of the available series, covering the 1950-66 period; in order to see whether its behaviour supports the hypothesis that in less-developed countries income velocity declines over time. Because findings about the trend behaviour of velocity tend to vary depending on the definition of money adopted, the velocity of more than one money concept is examined.

Author Bio

The author is a staff of the Research Department, Central Bank of Nigeria

Publication Title

CBN Economic and Financial Review





Recommended Citation

Adekunle, J.O. (1970). Trends in Income Velocities. CBN Economic and Financial Review. 8(1), 5-15.



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