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Long Run Determinants of Private Consumption Spending: Evidence from Nigeria
2019
Journal of Business and Economic Development
Of great concern to policy makers and researchers are the factors that influence private consumption spending owing to the important role it plays in aggregate demand of a country. Thus, this study investigated the long run determinants of aggregate private consumption spending in Nigeriaover thequarterlyperiodsof 1981 to 2016. The Auto Regressive Distributed Lag Error-correction model (ARDL-ECM) was employed to take care of short-run dynamics. In line with theories, variables included in the
doi:10.11648/j.jbed.20190401.14
fatcat:jsspdtawufg4pko6ld3spn7hzu