International records / OpenAlex research

Crude Oil Price and Exchange Rate on Economic Growth: ARDL Approach

This study investigated the impact of crude oil price and exchange rate on economic growth in Nigeria using an autoregressive distributed lag model covering the period from 1982-2018.The results indicated that crude oil price and exchange rate have significant positive impact on economic growth in both the long-run and the short-run periods.The findings suggested that crude oil price and exchange rate which are the focal points of the study, could affect economic growth in both the long-run and the short-run.Therefore government should diversify its earnings in agriculture, industrialization a…