Oil Price Shocks and the Nigeria Economy : A Variance Autoregressive ( VAR ) Model

@inproceedings{UMAR2010OilPS,
  title={Oil Price Shocks and the Nigeria Economy : A Variance Autoregressive ( VAR ) Model},
  author={GUNU UMAR and A. ABDULHAKEEM KILISHI},
  year={2010}
}
  • GUNU UMAR, A. ABDULHAKEEM KILISHI
  • Published 2010
Oil prices have been highly volatile since the end of World War II. The volatility becomes even more serious in recent time. This has implications for the economies of oil exporting countries, particularly oil dependent countries like Nigeria. The paper examined the impact of these fluctuations on macroeconomic of Nigeria. Using VAR, the impact of crude oil price changes on four key macroeconomic variables was examined. The results show that oil prices have significant impact on real GDP, money… CONTINUE READING