International records / OpenAlex research

Application of Bayesian Vector Autoregressive Model to some Macroeconomic Variables in Nigeria and Global Factors

Understanding the dynamic interplay between macroeconomic variables and external shocks is central to effective policy formulation especially in emerging economies such as Nigeria. Given Nigeria’s heavy reliance on oil exports and increasing exposure to international trade, it becomes imperative to examine how fluctuations in commodity prices such as oil, copper and maize alongside broader global factors influence domestic macroeconomic indicators. These relationships are inherently complex and interdependent, requiring an empirical approach capable of capturing their dynamic interactions. Thi…