International records / OpenAlex research

Vector Autoregressive Modeling of Selected Macroeconomic Variables in Nigeria

Macroeconomic variables play important role in shaping the economy of every nation. Most times researchers assume that there are interaction among them but not in all cases. This work is an attempt to study if there exist any interaction among prices of copper, maize and oil. Data on these selected variables ranging from April 1971 to July 2024 were carefully extracted from central bank of Nigeria’s website (www.cbn.org.ng). Unlike other macroeconomic variables that exhibits interdependence among themselves, this study has demonstrated price independence among copper, maize and oil. Result of …