%0 Journal Article
%T Empirical Analysis of Change in Income on Private Consumption Expenditure in Nigeria from 1981 to 2010
%A J. Akekere
%A P.O.J. Yousuo
%J International Journal of Academic Research in Business and Social Sciences
%D 2012
%I Human Resource Management Academic Research Society
%X This study investigates the impact of change in gross domestic product (income) on private consumption expenditure in Nigeria, from 1981 to 2010. Using the classical (OLS) simple regression analysis, researchers¡¯ objectives were; to examine the impact of gross domestic product on consumption expenditure and to determine the order of integration of consumption expenditure and gross domestic product, results agree with researchers¡¯ theoretical expectation of the existence of a positive significant impact of Gross Domestic Product (income) on Private Consumption Expenditure with a slope of 0.6708253. The unit root test (order of stationary) also shows a non existence of unit root at their level. The p-value and the coefficient of determination (R2 = .9838), implies that gross domestic product explains 98.4% of private consumption expenditure. Hence, there is a significant relationship between gross domestic product and private consumption expenditure. Researchers¡¯ therefore recommended a policy in concluding remarks.
%K Income
%K Private Consumption Expenditure
%K Gross Domestic Product
%K Disposable Income
%U http://www.hrmars.com/admin/pics/1373.pdf