This paper examines the long-run and short-run impacts of exchange rate and price changes on trade flows in Nigeria using exports and imports functions. The bounds testing (ARDL) approach to cointegration is applied on a quarterly data from 1980Q1 to 2007Q4. The results indicate that in both the...

This study queries the oil price-exchange rate linkage in Nigeria deploying data at daily frequency spanning January 2, 2009 to September 28, 2010. Two volatility models – the generalised autoregressive conditional heteroscedasticity (GARCH) and exponential GARCH (EGARCH) – were deployed to...

This paper extends previous studies in modeling and estimating demand for gasoline for Nigeria from 1977 to 2008. The ingenious attempt of this study, contrast to earlier studies on Nigeria and other developing countries, lies in its assumption of structural breaks in the long run relationship...

This study investigates the relationship between Economic Growth (GDP) and environmental quality in Nigeria. The Environmental Kuznets Curve (EKC) hypothesis is investigated and tested with the annual data of carbon emissions capita and GDP per capita from 1970-2005. EKC hypothesis postulates a...

This study investigates the impacts of oil price shocks on the macroeconomic performance in Nigeria using Vector Autoregression (VAR) approach. Forecast error variance decomposition is estimated using seven key macroeconomic variables namely, real gross domestic product, consumer price index,...

The present paper examines the causal linkage between foreign direct investment (FDI) and economic growth - in Cote' d'Ivoire, Gambia, Ghana, Nigeria and Sierra Leone - with financial development accounted for over the period 1970-2005 within a trivariate framework which applies Granger...

This paper extends previous studies in modeling and estimating energy demand functions for both gasoline and kerosene petroleum products for Nigeria from 1977 to 2008. In contrast to earlier studies on Nigeria and other developing countries, this study specifically tests for the possibility of...

Natural gas has some positive macroeconomic implications for Nigeria since there is as much gas as there is oil in the country. Also, the overall dependence on oil will soon be reduced and there will be an increasing demand for gas. Oil currently accounts for over 90 percent of Nigeria's foreign...

An attempt is made in this paper to query the existence or otherwise of a J-Curve in four West African Monetary Zone (WAMZ) countries: namely The Gambia, Ghana, Nigeria and Sierra Leone. We use data from 1980Q1 to 2007Q4 and a bounds testing approach, with an autoregressive distributed lag...

Based on the huge financial commitments of the Federal Government of Nigeria on many oil and gas projects and the statutory duty of the government to render diverse socio-economical responsibilities to the people, it is worthy and justified to evaluate the economic profitability of a typical...