An empirical analysis of the sacrifice ratio in nigeria | Blazingprojects Postgraduate Thesis
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An empirical analysis of the sacrifice ratio in nigeria

 

Table Of Contents


Chapter ONE

INTRODUCTION

  • 1.1Introduction
  • 1.2Background of Study
  • 1.3Problem Statement
  • 1.4Objective of Study
  • 1.5Limitation of Study
  • 1.6Scope of Study
  • 1.7Significance of Study
  • 1.8Structure of the Research
  • 1.9Definition of Terms

Chapter TWO

LITERATURE REVIEW

  • 2.1Overview of Sacrifice Ratio
  • 2.2Historical Development
  • 2.3Theoretical Framework
  • 2.4Empirical Studies on Sacrifice Ratio
  • 2.5Factors Influencing Sacrifice Ratio
  • 2.6Impact of Sacrifice Ratio on Economy
  • 2.7Criticisms of Sacrifice Ratio
  • 2.8Best Practices in Sacrifice Ratio Calculation
  • 2.9Sacrifice Ratio in Developing Economies
  • 2.10Current Trends in Sacrifice Ratio Analysis

Chapter THREE

RESEARCH METHODOLOGY

  • 3.1Research Methodology Overview
  • 3.2Research Design
  • 3.3Data Collection Methods
  • 3.4Sampling Techniques
  • 3.5Data Analysis Procedures
  • 3.6Ethical Considerations
  • 3.7Validity and Reliability
  • 3.8Limitations of Research Methodology

Chapter FOUR

DATA PRESENTATION AND ANALYSIS

  • 4.1Data Analysis and Interpretation
  • 4.2Descriptive Statistics
  • 4.3Regression Analysis Results
  • 4.4Hypothesis Testing
  • 4.5Comparative Analysis
  • 4.6Discussion on Findings
  • 4.7Implications of Results
  • 4.8Recommendations for Future Research

Chapter FIVE

SUMMARY, CONCLUSION AND RECOMMENDATIONS

  • 5.1Conclusion and Summary
  • 5.2Summary of Findings
  • 5.3Contributions to Existing Literature
  • 5.4Practical Implications
  • 5.5Recommendations for Stakeholders
  • 5.6Conclusion

Thesis Abstract

The study empirically analyzed the sacrifice ratio in Nigeria for the period 1970-2013, using the Instrumental Variables Generalized Method of Moments (IV-GMM) technique. The results revealed that inflation inertia has a significant negative impact on the actual rate of inflation in Nigeria. It was also revealed that the percentage of a year’s real GDP that must be forgone to reduce inflation by 1 percentage point in Nigeria is 5.1. In 1982, 53.55 percent of the GDP was sacrificed. Equivalently, a sacrifice of 26.58 percentage points of cyclical unemployment was made in the same year; while the highest percentage of GDP was sacrificed in 1990 and the lowest in 2007. Based on the findings, the study recommends that the plan to reduce inflation rate, and the rate of reduction should be publicly announced. This will go a long way to reducing personal expectations formed by workers and firms that determine the wages and prices.

Thesis Overview

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