International records / OpenAlex research

Oil Price Shocks and Development Finance Flows in Nigeria

This study developed three long-term regression models to assess the impact of oil price shocks on development finance flows in Nigeria from 2003M1 to 2023M12. It employed the ARDL model in combination with DCC-GARCH framework. The study explores both the long-run relationships and short-term volatility dynamics among oil price volatility and development finance flows, including official development assistance (ODA), foreign direct investment (FDI), and external borrowing. In addition to oil price shocks, the study also considered other macroeconomic variables, including exchange rate, monetar…