| Popis: |
Various empirical evidences have attempted to provide explanations on the major factors responsible for output dynamics for different economies in the world and Nigeria in particular. In a quest to provide definite answer, this research was conducted in order to find new framework for understanding business cycle and its characteristics in Nigeria. To achieve the objective, three sets of explanations to business cycle were explored using time-frequency domain analysis. The evidence shows that output cycles are as a result of supply, demand and political factors. Hence the real and political business cycle explanations fit the Nigerian context. |
