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Macroeconomic Variables Volatility and Economic Growth in Nigeria (1970 - 2005)



Low output growth in Nigeria have been attributed to a riumber offacto~ssu ch as poor technology, demographic factors, social conditions, poor macroeccwomic policies, insufficient infrastructural facilities and high dependence on primary products What however, attracts lesser attention is the interface between output growth and
macroeconomic fluctuations. It is not only that output ~rowth is low but it fluctuates beyond the expectations of different macroeconomic analysts There have been varying rcsults among different existing empirical studies on the determinants of output growl11 in Nigeria.