Global Oil Price Volatility and Nigeria GDP: A Causality Analysis

Davidmac Olisa (Autor)

Buch | Softcover

124 Seiten

2017
Éditions universitaires européennes (Verlag)
978-3-639-60906-6 (ISBN)

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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).

Davidmac Olisa Ekeocha graduated with Honours in Economics and Political Science from University of Nigeria, Nsukka (UNN) and obtained his M.Sc. in Oil and Gas Management (also with Honours) from South America University, Delaware, U.S.A. Now, he is pursuing a Masters degree in Energy Economics.

Erscheinungsdatum	09.03.2017
Sprache	englisch
Maße	150 x 220 mm
Gewicht	201 g
Themenwelt	Sozialwissenschaften ► Soziologie ► Allgemeine Soziologie
Themenwelt	Sozialwissenschaften ► Soziologie ► Empirische Sozialforschung
Schlagworte	Global Oil Price Volatility and Nigeria GDP: A cau
ISBN-10	3-639-60906-9 / 3639609069
ISBN-13	978-3-639-60906-6 / 9783639609066
Zustand	Neuware