Journal of
Marketing Development and Competitiveness
Scholar Gateway
Abstracts prior to volume 5(1) have been archived!Issue 5(1), October 2010 -- Paper AbstractsGirard (p. 9-22)Cooper (p. 23-32)Kunz-Osborne (p. 33-41)Coulmas-Law (p.42-46)Stasio (p. 47-56)Albert-Valette-Florence (p.57-63)Zhang-Rauch (p. 64-70)Alam-Yasin (p. 71-78)Mattare-Monahan-Shah (p. 79-94)Nonis-Hudson-Hunt (p. 95-106) 
JOURNAL OF APPLIED BUSINESS AND ECONOMICS
Dynamic Behavior of Inflation in Nigeria: A P-Star Approach
Author(s): Ikechukwu Kelikume
Citation: Ikechukwu Kelikume, (2013) "Dynamic Behavior of Inflation in Nigeria: A P-Star Approach," Journal of Applied Business and Economics, Vol. 15, Iss. 3, pp. 117-127
Article Type: Research paper
Publisher: North American Business Press
Abstract:
The P-star model performance in predicting inflation renders it a valuable tool in analyzing dynamic
behavior of prices. This study tests the performance of the P-star model in Nigeria with a view to
ascertaining its usefulness in predicting price movement. Using quarterly data obtained from the Central
Bank of Nigeria statistical Bulletin over the period 1970 to 2011, we obtained estimates of the price-gap,
velocity-gap and output-gap model. The result obtained shows the usefulness of the price-gap model in
explaining and predicting inflation in Nigeria.
