International records / OpenAlex research

Effect of Oil Price Shocks on Selected Macroeconomic Variables in Nigeria (1990-2021)

This study investigates the impact of oil price shocks on selected macroeconomic variables in Nigeria from 1990-2021. The research employs ex-post facto methodology and econometric analysis, focusing on variables such as oil price, unemployment, balance of payment, exchange rate, and real gross domestic product (GDP). Utilising the annual Vector Autoregressive (VAR) model, the study explores the relationships among these variables, assuming them to be endogenous. Time series data from the Central Bank of Nigeria's statistical bulletin is collected for the analysis. The result of the unit root …