"Using Vector Autoregressive Model to Analyze the Behavior of Consumer Price in Nigeria " (A case Study of the Central Bank of NIGERIA and Bureau of Statistics):- Egbulefu Deborah O
ABSTRACT
This
work examines the interactions between money, consumers prices and commodity
prices at a community level from 2008- April 2011, it also examines the
behavior of consumer price index in light of decreased barriers to Nigeria
consumers variables and improved on accessibility to various variables or items
for living. The vector autoregressive model (VAR) enables us to identify the
main channels of interactions and simulate the responses of a given item to
innovation in other items. A long run and short run relationship was also
established among these item or variables, while the process is mainly driven
by the community liquidity according to our empirical findings on some test carried
out in this work such as the granger causality wald test, Dickey fuller test
for unit root, the test statistic and Philips - perrons test for unit root was
also examined. Hence the data is said to be non -- stationary and thus was
differenced. ยป And the different price elasticity in commodity and consumer
items can explain the recently observed overshooting of commodity over the
consumer prices, although the sample period is rather short, recursive test
corroborate that our vector autoregressive model (VAR) fits the data very
well.
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EGBULEFU, O (2024). "Using Vector Autoregressive Model to Analyze the Behavior of Consumer Price in Nigeria " (A case Study of the Central Bank of NIGERIA and Bureau of Statistics):- Egbulefu Deborah O. Mouau.afribary.org: Retrieved Nov 17, 2024, from https://repository.mouau.edu.ng/work/view/using-vector-autoregressive-model-to-analyze-the-behavior-of-consumer-price-in-nigeria-a-case-study-of-the-central-bank-of-nigeria-and-bureau-of-statistics-egbulefu-deborah-o-7-2
ONYINYE, EGBULEFU. ""Using Vector Autoregressive Model to Analyze the Behavior of Consumer Price in Nigeria " (A case Study of the Central Bank of NIGERIA and Bureau of Statistics):- Egbulefu Deborah O" Mouau.afribary.org. Mouau.afribary.org, 09 Aug. 2024, https://repository.mouau.edu.ng/work/view/using-vector-autoregressive-model-to-analyze-the-behavior-of-consumer-price-in-nigeria-a-case-study-of-the-central-bank-of-nigeria-and-bureau-of-statistics-egbulefu-deborah-o-7-2. Accessed 17 Nov. 2024.
ONYINYE, EGBULEFU. ""Using Vector Autoregressive Model to Analyze the Behavior of Consumer Price in Nigeria " (A case Study of the Central Bank of NIGERIA and Bureau of Statistics):- Egbulefu Deborah O". Mouau.afribary.org, Mouau.afribary.org, 09 Aug. 2024. Web. 17 Nov. 2024. < https://repository.mouau.edu.ng/work/view/using-vector-autoregressive-model-to-analyze-the-behavior-of-consumer-price-in-nigeria-a-case-study-of-the-central-bank-of-nigeria-and-bureau-of-statistics-egbulefu-deborah-o-7-2 >.
ONYINYE, EGBULEFU. ""Using Vector Autoregressive Model to Analyze the Behavior of Consumer Price in Nigeria " (A case Study of the Central Bank of NIGERIA and Bureau of Statistics):- Egbulefu Deborah O" Mouau.afribary.org (2024). Accessed 17 Nov. 2024. https://repository.mouau.edu.ng/work/view/using-vector-autoregressive-model-to-analyze-the-behavior-of-consumer-price-in-nigeria-a-case-study-of-the-central-bank-of-nigeria-and-bureau-of-statistics-egbulefu-deborah-o-7-2