• 主题
高级搜索  >
历史搜索 清空历史
首页> 外文期刊>International Journal of Business and Management >Oil Price Shocks and the Nigeria Economy: A Variance Autoregressive (VAR) Model
【24h】

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

机译：石油价格冲击与尼日利亚经济：方差自回归（VAR）模型

获取原文
           
页面导航
  • 摘要
  • 著录项
  • 相似文献
  • 相关主题

摘要

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 supply and unemployment. It impact on the fourth variable, consumer price index is not significant. This implies that three key macroeconomic variables in Nigeria are significantly explained by exogenous and the highly volatile variable. Hence, the economy is vulnerable to external shocks. Consequently, the macroeconomic performance will be volatile and macroeconomic management will become difficult. Diversification of the economy is necessary in order to minimize the consequences of external shocks.
机译：自第二次世界大战结束以来，石油价格一直高度波动。最近，这种波动变得更加严重。这对石油出口国，特别是像尼日利亚这样的石油依赖国，尤其是石油依赖国，具有重要的经济意义。本文研究了这些波动对尼日利亚宏观经济的影响。使用VAR，检验了原油价格变化对四个关键宏观经济变量的影响。结果表明，石油价格对实际GDP，货币供应量和失业率有重大影响。它对第四个变量影响很大，居民消费价格指数并不显着。这意味着尼日利亚的三个关键宏观经济变量可以用外生变量和高度波动的变量来解释。因此，经济容易受到外部冲击的影响。因此，宏观经济表现将不稳定，宏观经济管理将变得困难。为了使外部冲击的影响最小化，经济多样化是必要的。

著录项

相似文献

  • 外文文献
  • 中文文献
  • 专利
获取原文

客服邮箱：kefu@zhangqiaokeyan.com

京公网安备：11010802029741号 ICP备案号：京ICP备15016152号-6 六维联合信息科技 (北京) 有限公司©版权所有

  • 客服微信

  • 服务号