@article{article_442575, title={THE IMPACT OF OIL PRICE INSTABILITY ON ECONOMIC GROWTH: EVIDENCE FROM NIGERIA}, journal={Business Economics and Management Research Journal}, volume={1}, pages={39–53}, year={2018}, url={https://izlik.org/JA78MM44PW}, author={Akalpler, Ergin and Bakar, Abdullah Nuhur}, keywords={Ekonomik Büyüme,Petrol Fiyatı Kararsızlığı,Vektör Hata Düzeltme Modeli,Granger Nedensellik Testi,Varyans Ayrışması}, abstract={<p class="MsoNormal"> <span lang="en-gb" style="font-size:9pt;" xml:lang="en-gb">In this study, the effects of oil
price instability on economic growth between 1981 and 2015 are investigated.
The considered <a>Vector Error Correction model </a>shows
that oil price and real effective exchange rate were positively related to
economic growth, whereas government expenditure and inflation had a negative
relationship. Oil price Granger caused economic growth and exchange rate, while
exchange rate Granger caused inflation. The variance decomposition result
indicates that oil price instability is the largest source of variation in
economic growth and exchange rates, while the largest source of variation in
the inflation rate is exchange rate followed by oil price.  </span> </p> <p> </p>}, number={1}