AN APPRAISAL OF THE EFFECTIVENESS OF MACROECONOMIC POLICIES IN PROMOTING ECONOMIC GROWTH IN NIGERIA
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ABSTRACT
This research work tries to investigate the effectiveness of macroeconomic policy in promoting economic growth in Nigeria. Macroeconomic policies, which is defined as government actions designed to affect the performance of the economy as a whole. Data used in this research (GDP, government expenditure, money supply) was mainly secondary, specifically from the Central Bank of Nigeria (CBN). These data were analysed using econometric technique. After the data analysis, it was discovered that money supply has a positive relationship with the GDP while the government expenditure is universally related with GDP. Also, the monetary and fiscal policies were compared. At the end of the research, conclusions were drawn and reasonable recommendations were given.
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