OIL PRICE VOLATILITY AND INFRASTRUCTURAL GROWTH: EVIDENCE FROM AN OIL- DEPENDENT ECONOMY
作者: Sunday Osahon Igbinedion
刊名: Oradea Journal of Business and Economics (OJBE), 2019, Vol.4 (1)
来源数据库: University of Oradea, Faculty of Economic Sciences
关键词: Oil priceInfrastructureECMEconomic growthNigeria.
原始语种摘要: Since the discovery of crude oil in Nigeria in 1957, the Nigerian economy has remained a mono-product economy largely impacted by the effects of oil price volatility with its attendant adverse consequences on the nation’s revenue profile and infrastructural growth. Accordingly, this paper attempts to investigate the nexus between oil price volatility and infrastructural growth in Nigeria, utilizing cointegration and error correction modeling approach for the period 1981-2015. The data for this study were sourced from the Central Bank of Nigeria Statistical Bulletin, 2014 and 2016 editions. The results suggest that both oil price volatility and inflation rate tend to exert negative impact on infrastructural growth, while the appreciation of real exchange rate tend to trigger investment in...
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关键词翻译
关键词翻译
  • volatility 挥发性
  • economy 经济
  • revenue 收入
  • price 价格
  • inflation 膨胀
  • ECM Effective Complex Modules
  • trajectory 轨道
  • growth 生长
  • approach 
  • implement 执行