International records / OpenAlex research
Crude Oil Price Volatility and its Impact on Nigeria’s Balance of Trade: An Empirical Assessment (2000–2023)
This study investigates the impact of crude oil price volatility on Nigeria’s balance of trade from 2000 to 2023, incorporating the Consumer Price Index (CPI) as a moderating variable to capture inflationary dynamics. Using quarterly time-series data, the study explores both the direct effect of oil price volatility and the moderating influence of domestic price levels on trade performance. Preliminary tests confirm stationarity of the variables at I(1), allowing for the application of a cointegrating regression framework. Although the initial econometric model satisfied all diagnostic tests— …
