- Home
- Books
- Methodology
- Global Oil Price Volatility and Nigeria GDP A Causality Analysis
Global Oil Price Volatility and Nigeria GDP A Causality Analysis
Availability: In stock
Regular Price
AED 265.56
Special Price
AED 252.28
It is common knowledge that oil is a crucial commodity in the global economy and that oil prices have persistently fluctuated since the 1970's, thus having impacts of different magnitudes on the economies of the oil exporting countries across time and space, such as Nigeria. Hence many scholars in their studies have attempted to test the direction of causality for such fluctuations in prices and its impact on Economic growth; with no consensus. This research therefore tests for the long run relationship as well as the causal relationship between global oil prices and economic growth, as well as its impact for Nigeria, employing other variables such as Inflation rate, Average exchange rate per USD, oil exports and unemployment rate, in accordance with the linear/symmetric relationship growth theory. The study was conducted via a systematic econometric methodology including Johansen Cointegration test for longrun relationships and Vector Autoregressive Models (VAR) for Granger causality tests using respective annual data from 1980 to 2015, sourced from central bank of Nigeria (CBN) and Nigeria Bureau of statistics (NBS).
Publisher Name | Editions Universitaires Europeennes |
---|---|
Author Name | Hagendorf, Col |
Format | Audio |
Bisac Subject Major | SOC |
Language | NG |
Isbn 10 | 3639609069 |
Isbn 13 | 9783639609066 |
Target Age Group | min:NA, max:NA |
Dimensions | 00.90" H x 00.06" L x 00.00" W |
Page Count | 124 |
Write Your Own Review
Recommended Products
IMMORTALS OF MELUHA- Amish
he Immortals of Meluha is the first book of Amish Tripathi, first book of Amishverse, and also the...
AED 35.00
Vedic Mathematics Made Easy- 2...
Vedic Mathematics Made Easy‘Vedic Mathematics Made Easy’ has been written by Dhaval Bathia. The...
Regular Price
AED 35.00
Special Price
AED 33.25