Does Volatility in Crude Oil Price Precipitate Macroeconomic Performance in Nigeria?

Cilt: 3 Sayı: 2 1 Haziran 2013
  • Joseph Ayoola Omojolaibi
International Journal of Energy Economics and Policy Kapak
International Journal of Energy Economics and Policy
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Does Volatility in Crude Oil Price Precipitate Macroeconomic Performance in Nigeria?

Abstract

This study examines the effects of crude oil price changes on economic activity in an oil dependent economy-Nigeria. A small open economy structural vector autoregressive (SVAR) technique is employed to study the macroeconomic dynamics of domestic price level, economic output, money supply and oil price in Nigeria. The sample covers the data from 1985:q1 to 2010:q4. The Impulse Response Functions (IRFs) and the Forecast Error Variance Decompositions (FEVDs) results suggest that domestic policies, instead of oil-boom should be blamed for inflation. Also, oil price variations are driven mostly by oil shocks, however, domestic shocks are responsible for a reasonable portion of oil price variations

Keywords

Ayrıntılar

Birincil Dil

İngilizce

Konular

-

Bölüm

-

Yazarlar

Joseph Ayoola Omojolaibi Bu kişi benim

Yayımlanma Tarihi

1 Haziran 2013

Gönderilme Tarihi

1 Haziran 2013

Kabul Tarihi

-

Yayımlandığı Sayı

Yıl 2013 Cilt: 3 Sayı: 2

IZ

https://izlik.org/JA67EL68ZW

Kaynak Göster

RIS / Bibtex
APA
Omojolaibi, J. A. (2013). Does Volatility in Crude Oil Price Precipitate Macroeconomic Performance in Nigeria? International Journal of Energy Economics and Policy, 3(2), 143-152. https://izlik.org/JA67EL68ZW
AMA
1.Omojolaibi JA. Does Volatility in Crude Oil Price Precipitate Macroeconomic Performance in Nigeria? IJEEP. 2013;3(2):143-152. https://izlik.org/JA67EL68ZW
Chicago
Omojolaibi, Joseph Ayoola. 2013. “Does Volatility in Crude Oil Price Precipitate Macroeconomic Performance in Nigeria?”. International Journal of Energy Economics and Policy 3 (2): 143-52. https://izlik.org/JA67EL68ZW.
EndNote
Omojolaibi JA (01 Haziran 2013) Does Volatility in Crude Oil Price Precipitate Macroeconomic Performance in Nigeria? International Journal of Energy Economics and Policy 3 2 143–152.
IEEE
[1]J. A. Omojolaibi, “Does Volatility in Crude Oil Price Precipitate Macroeconomic Performance in Nigeria?”, IJEEP, c. 3, sy 2, ss. 143–152, Haz. 2013, [çevrimiçi]. Erişim adresi: https://izlik.org/JA67EL68ZW
ISNAD
Omojolaibi, Joseph Ayoola. “Does Volatility in Crude Oil Price Precipitate Macroeconomic Performance in Nigeria?”. International Journal of Energy Economics and Policy 3/2 (01 Haziran 2013): 143-152. https://izlik.org/JA67EL68ZW.
JAMA
1.Omojolaibi JA. Does Volatility in Crude Oil Price Precipitate Macroeconomic Performance in Nigeria? IJEEP. 2013;3:143–152.
MLA
Omojolaibi, Joseph Ayoola. “Does Volatility in Crude Oil Price Precipitate Macroeconomic Performance in Nigeria?”. International Journal of Energy Economics and Policy, c. 3, sy 2, Haziran 2013, ss. 143-52, https://izlik.org/JA67EL68ZW.
Vancouver
1.Joseph Ayoola Omojolaibi. Does Volatility in Crude Oil Price Precipitate Macroeconomic Performance in Nigeria? IJEEP [Internet]. 01 Haziran 2013;3(2):143-52. Erişim adresi: https://izlik.org/JA67EL68ZW