The Empirical Determinants of Aggregate Demand and its Effects on the Nigerian Population

The Empirical Determinants of Aggregate Demand and its Effects on the Nigerian Population

Prof. Abomaye-Nimenibo Williams Aminadokiari Samuel Ph.D., M.Sc., B.Sc. Economics, MBA Management and UD, Personnel Management and Industrial Relations, Director of Postgraduate Studies, School of Postgraduate Studies

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Williams Aminadokiari Samuel

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Obong University

The Empirical Determinants of Aggregate Demand and its Effects on the Nigerian Population

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Abstract

This study was carried out to examine the determinants of aggregate demand in Nigeria during the period 1970 to 2014. The paper traced the fiscal policy and noted in fiscal policy, the government uses taxation and its own expenditure factors of aggregate demand to steer up the economy in its desired direction. It was observed that the federal Government and the other tiers of government operated consisted huge deficit budgets for this period by relying on the two major factors. The objective of this study is to investigate and ascertain the determinants of aggregate demand in Nigeria between 1970 and 2014 given the argument that Government spending and not tax reduction that determines aggregate demand. The ultimate aim was to ensure adequate use of all factors responsible for stimulating the economy and increase aggregate demand. Our study in five segments, was an attempt at trying to know where Nigeria has been going wrong in her use or application of the Aggregate Demand stimulants to fine tune the economy. An Econometrical approach was adopted in analyzing the data collected. Ordinary least squares (OLS) and cointegration methods have been employed specified in a functional notation form relating Aggregate demand (AD) as dependant variables to seven (7) determinant stimulants.

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How to Cite This Article

Prof. Abomaye-Nimenibo Williams Aminadokiari Samuel. 2017. \u201cThe Empirical Determinants of Aggregate Demand and its Effects on the Nigerian Population\u201d. Global Journal of Management and Business Research - E: Marketing GJMBR-E Volume 17 (GJMBR Volume 17 Issue E3).

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Crossref Journal DOI 10.17406/GJMBR

Print ISSN 0975-5853

e-ISSN 2249-4588

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GJMBR-E Classification JEL Code: J29

Submission ReceivedDecember 10, 2016
Peer Review Double Blind
Handling Editor
Accepted January 3, 2017
Published January 15, 2017

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December 23, 2017

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Article Matrices

Total Score: 102

Country: Nigeria

Subject: Global Journal of Management and Business Research - E: Marketing

Authors: Abomaye-Nimenibo, Williams Aminadokiari Samuel (PhD/Dr. count: 0)

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