An Approach of Nigeria Consumption Function – An Empirical Test of the Permanent Income Hypothesis

Consumption plays a significant role in determining the size of the multiplier and the dynamic effects of the economy shock. It also constitutes the largest component of the aggregate expenditure of an economy. As a result, economists have propounded theories in a bid to explain the determinants of consumption. These theories include the absolute income…
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June 24, 2020 0