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Price Increases Accounting and Fiscal Advancement: Validation from Nigeria

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Oko, O.I., Ochi, I.I., Oluwatominiyi, O.T., Idiege, A.F. and Theresa, E., 2021. Price Increases Accounting and Fiscal Advancement: Validation from Nigeria. United International Journal for Research & Technology (UIJRT), 2(6), pp.22-29.

Abstract

The survey was carried out to scrutinize the special effects of price increases on fiscal advancement: Validation from Nigeria. In this study, price increases accounting was taken with inflation rate and money supply while fiscal advancement was taken with real gross domestic product. Data were gathered from secondary sources. Ex-post facto research design was used while auto-regression distribution lag was used in analysis. Results revealed that price increases rate has undesirable and immaterial link with real gross domestic product and that money supply has affirmative but inconsequential association with real gross domestic product. Based on these results, it was resolved that price increases accounting has mixed influence on fiscal advancement. Hence it was suggested that government should formulate policies and programs to control rate of price increases to a level that would allow for sufficient money supply into the economy because such policy would diminish price increases rate and at the same time allow for adequate stream of money in the country which would in turn increase fiscal advancement

Keywords: Accounting, Advancement, Domestic, Fiscal, Gross, Price increases, Product.

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