Omolade, Adeleke; Ngalawa, Harold; Kutu, Adebayo Augustine - In: Cogent economics & finance 7 (2019) 1, pp. 1-17
The study investigates the influence of crude oil price shocks on the macroeconomic performance of Africa’s oil … during the preceding four quarters. This is used to derive sharp increases and declines in oil prices to capture oil price … shocks. A Panel Structural Vector Auto-Regression model is adopted for analysis. The results show that the reaction of output …