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the impact of salary increase on inflation in Nigeria (54 pages)

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54 Pages | chapter 1-5 | PDF and Microsoft Format

Project Description

the impact of salary increase on inflation in Nigeria (54 pages)

ABSTRACT
No economy can escape the evils done is by inflation and unemployment because when measures to control one are being employed the other is being upset. However, we are dealing with inflation alone. In fact, this study investigates the impact of salary increase on inflation in Nigeria. In a bid to achieve the objective of the study, ordinary least square regression method was adopted using secondary data from 1984 to 2009 the results indicate that there is a negative relationship between the dependent variable (inflation) and the independent variable (salary). The result of study showed that salary increase has a negative relationship with inflation and salary does not have a significant impact on inflation in Nigeria, therefore inflation is not adequately explained by changes in salary. Hence, inflation should be track led adopting other fiscal and monetary measures and not necessarily income policies
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TABLE OF CONTENTS
Title page – – – – – – – – – i
Approval Page – – – – – – – – ii
Certificate – – – – – – – – – iii
Dedication – – – – – – – – – iv
Acknowledgement – – – – – – – v
Table of content – – – – – – – – v
Abstract – – – – – – – – – vi
CHAPTER ONE: INTRODUCTION
1.1 BACKGROUND OF THE STUDY – – – 1
1.2 STATEMENT OF PROBLEM – – – – 3
1.3 OBJECTIVES OF THE STUDY – – – – 4
1.4 STATEMENT OF HYPOTHESIS – – – – 4
1.5 SIGNIFICANCE OF THE STUDY – – – – 5
1.6 SCOPE AND LIMITATION OF THE STUDY – – 5
REFERENCE.
CHAPTER TWO: LITERATURE REVIEW
2.0 REVIEW OF RELATED LITERATURE – – – 8
2.1 THEORETICAL REVIEW – – – – – 8
2.1.1 WAGE INDUCED INFLATION – – – – 9
2.1.2 TYPES OF INFLATION – – – – – – 10
2.1.3 THEORIES OF INFLATION – – – – – 11
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2.1.4 CAUSES OF INFLATION – – – – – 13
2.1.5 INFLATION IN NIGERIA – – – – – 15
2.1.6 MONEY SUPPLY AND INFLATION – – – 16
2.1.7 SALARY AND INFLATION – – – – – 19
2.1.8 MEASUREMENT OF INFLATION – – – – 20
2.1.9 EFFECTS OF INFLATION – – – – – 21
2.1.10 THE POSITIVE IMPACT OF WAGE INCREASE
ON INFLATION IN NIGERIA – – – – – 22
2.1.11 THE NEGATIVE IMPACT OF WAGE INCREASE
ON INFLATION IN NIGERIA – – – – – 23
2.2 EMPERICAL LITERATURE – – – – – 24
2.3 LIMITATION – – – – – – – 26
REFERENCES
CHAPTER THREE: RESEARCH METHODOLOGY
3.0 RESEARCH METHODOLOGY. – – – – 28
3.1 RESEARCH DESIGN – – – – – 28
3.2 MODEL OF SPECIFICATION – – – – – 29
3.3 APRIORI EXPECTATION – – – – – 30
3.4 SOURCES OF THE DATA – – – – – 30
REFERENCES.
CHAPTER FOUR: DATA ANALYSIS AND INTERPRETATION
4.1 PRESENTATION OF DATA – – – – – 33
4.2 PRESENTATION OF RESULT. – – – – – 33
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4.3 INTERPRETATION OF REGRESSION RESULT – – 34
4.3.1 ANALYSIS OF COEFFICENTS. – – – – 34
4.3.2 ECONOMIC CRITERIA (APRIORI EXPECTATION).- – 34
4.3.3 STATISTICAL CRITERIA. – – – – – 35
4.3.4 ECONOMETRICS CRITERIA. – – – – 37
REFRENCES.
CHAPTER FIVE: FINDINGS, SUMMARY, RECOMMENDATION
AND CONCLUSION
5.1 SUMMARY OF FINDINGS – – – – 42
5.2 RECOMMENDATION – – – – – – 43
5.2.1 RECOMMENDATION ON THIS TOPIC FOR FURTHER
STUDIES. – – – – – – – 44
5.3 CONCLUSION – – – – – – – 45
BIBILOGRAPHY.

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