A panel analysis of oil price dynamics, fiscal stance and macroeconomic effects: the case of some selected African countries

Simple item page
dc.contributor.authorOmojolaibi, Joseph A.
dc.contributor.authorEgwaikhide, Festus
dc.date.accessioned2018-10-24T09:07:01Z
dc.date.available2018-10-24T09:07:01Z
dc.date.issued2013-03
dc.description.abstractThe study makes use of quarterly data that spans the period from 1990:q1 to 2010:q4. A panel vector autoregressive (PVAR) technique was employed to examine the impact of oil price dynamics on the economic performance of five (5) oil exporting countries in Africa. The countries are: Algeria, Angola, Egypt, Libya and Nigeria. In order to achieve this, the study used the following variables: Oil price volatility, real gross domestic product (real GDP), fiscal deficit, gross investment and money supply shocks. The impulse response functions show that of all the macroeconomic variables considered, gross investment responds more to oil price volatility than fiscal deficit, real GDP and money supply. On the whole, the findings suggest that gross investment is the main channel through which oil price dynamics influenced the macroeconomic performance of these economies.en_US
dc.description.provenanceSubmitted by Peace M. Ray (peaceray.pr.pr@gmail.com) on 2018-10-15T08:36:29Z No. of bitstreams: 1 A Panel Analysis of Oil Price Dynamics, Fiscal stance and Macroeconomic Effects The case of Some Selected African Countries.pdf: 8527067 bytes, checksum: da3d4e0a0b3a14c174d75f21f5ac9068 (MD5)en
dc.description.provenanceApproved for entry into archive by Ifeanyichukwu Ohaju (ifohaju@gmail.com) on 2018-10-24T09:03:01Z (GMT) No. of bitstreams: 1 A Panel Analysis of Oil Price Dynamics, Fiscal stance and Macroeconomic Effects The case of Some Selected African Countries.pdf: 8527067 bytes, checksum: da3d4e0a0b3a14c174d75f21f5ac9068 (MD5)en
dc.description.provenanceApproved for entry into archive by Ifeanyichukwu Ohaju (ifohaju@gmail.com) on 2018-10-24T09:06:17Z (GMT) No. of bitstreams: 1 A Panel Analysis of Oil Price Dynamics, Fiscal stance and Macroeconomic Effects The case of Some Selected African Countries.pdf: 8527067 bytes, checksum: da3d4e0a0b3a14c174d75f21f5ac9068 (MD5)en
dc.description.provenanceMade available in DSpace on 2018-10-24T09:07:01Z (GMT). No. of bitstreams: 1 A Panel Analysis of Oil Price Dynamics, Fiscal stance and Macroeconomic Effects The case of Some Selected African Countries.pdf: 8527067 bytes, checksum: da3d4e0a0b3a14c174d75f21f5ac9068 (MD5) Previous issue date: 2013-03en
dc.description.sponsorshipCentral Bank of Nigeriaen_US
dc.identifier.citationOmojolaibi, J.A and Egwaikhide, F. (2013). A panel analysis of oil price dynamics, fiscal stance and macroeconomic effects: the case of some selected African countries. Economic and Financial Review, 51(1), 61-91en_US
dc.identifier.issn1957-2968
dc.identifier.urihttp://repo.cbn.gov.ng/jspui/handle/123456789/487
dc.language.isoenen_US
dc.publisherCentral Bank of Nigeria, Research Department.en_US
dc.relation.ispartofseriesVol. 51;No.1
dc.subjectFiscal stanceen_US
dc.subjectGross investmenten_US
dc.subjectMoney supplyen_US
dc.subjectPanel VARen_US
dc.subjectAfricaen_US
dc.titleA panel analysis of oil price dynamics, fiscal stance and macroeconomic effects: the case of some selected African countriesen_US
dc.typeArticleen_US

Files

Original bundle
Now showing 1 - 1 of 1
Thumbnail Image
Name:
A Panel Analysis of Oil Price Dynamics, Fiscal stance and Macroeconomic Effects The case of Some Selected African Countries.pdf
Size:
8.13 MB
Format:
Adobe Portable Document Format
Description:
Download
License bundle
Now showing 1 - 1 of 1
No Thumbnail Available
Name:
license.txt
Size:
1.61 KB
Format:
Item-specific license agreed upon to submission
Description:
Download

Collections

Economic and Financial Review