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OIL PRICE SHOCK AND MACROECONOMIC PERFORMANCE IN NIGERIA: IMPLICATION ON EMPLOYMENT

Reduction in oil price in the international market, coupled high demand of foreign goods and wide swings of oil prices in the international market has posed different challenges for policies to promote growth and development. This study investigates the impact of oil shock on macroeconomic performance in Nigeria using Structural Vector Autoregression and normalized equation was used to establish the long-run equation. Evidence from the long-run relationship showed that employment has a negative relationship with aggregated output, exchange rate and oil prices. The interest rate and consumer pr…

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Source	OpenAlex research
Collection	International records
Kind	Document
Publisher	International Journal of Energy Economics and Policy
Date	2019-07-24
Type	article
Details	openalex authorships.countries:NG,primary topic.subfield.id:3320\|3321\|3308\|1202\|3303\|3312\|2002\|2000\|2003 + local /\bnige
Found at	https://doi.org/10.32479/ijeep.7768
Archived copy	Look it up in the Wayback Machine
Record ID	`openalex:W2963370614`

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OIL PRICE SHOCK AND MACROECONOMIC PERFORMANCE IN NIGERIA: IMPLICATION ON EMPLOYMENT. OpenAlex research, 2019. Vero Archive, record openalex:W2963370614.