OIL PRICE SHOCKS AND THEIR EFFECTS ON OIL AND GAS STOCK RETURNS IN NIGERIA
📄 Project Abstract
This study examines the effect of oil price shocks on oil stock returns in Nigeria for the period from January, 2000 to December, 2015. The study employs the Augmented Dickey-Fuller (ADF) and Kwiatkowski-Phillips-Schmidt-Shin (KPSS) tests for Unit root, Schwartz-Bayesian criterion for lag length, and a General Autoregressive Conditional Heteroscedasticity (GARCH 1, 1) modeling approach. First, the mean equation was estimated and residual derived from it was used to estimate the variance equation. Finally, volatility impulse response function was estimated. The mean equation reveals that if oil price increases by one percent, oil sector stock returns will decrease by 74%. If exchange rate increases by $1, oil sector stock returns increases by about 0.78%. Furthermore, an increase in interest rate differential will cause a decrease in oil sector stock returns by about 25%. On the other hand, results of the variance equation, which captures volatility, suggest that oil price shocks and oi...
🔍 Key Research Areas Covered
- ✅ Literature Review & Theoretical Framework
- ✅ Research Methodology & Data Collection
- ✅ Data Analysis & Statistical Methods
- ✅ Findings & Results Discussion
- ✅ Recommendations & Conclusions
- ✅ References & Bibliography
📚 Complete Project Structure
- Problem Statement & Objectives
- Theoretical Framework & Related Studies
- Data Collection & Analysis Methods
- Findings & Statistical Analysis
- Recommendations & Future Research
- Questionnaires, Data, References
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OIL PRICE SHOCKS AND THEIR EFFECTS ON OIL AND GAS STOCK RETURNS IN NIGERIA
Full Citation:
EBECHIDI, SIMEON. (). OIL PRICE SHOCKS AND THEIR EFFECTS ON OIL AND GAS STOCK RETURNS IN NIGERIA. African and General Studies, 40, 14858.
Citation Formats:
APA
EBECHIDI, SIMEON. (). OIL PRICE SHOCKS AND THEIR EFFECTS ON OIL AND GAS STOCK RETURNS IN NIGERIA. African and General Studies, 40, 14858.
MLA
EBECHIDI, SIMEON. "OIL PRICE SHOCKS AND THEIR EFFECTS ON OIL AND GAS STOCK RETURNS IN NIGERIA." African and General Studies, vol. 40, , pp. 14858.
Chicago
EBECHIDI, SIMEON. "OIL PRICE SHOCKS AND THEIR EFFECTS ON OIL AND GAS STOCK RETURNS IN NIGERIA." African and General Studies 40 (): 14858.
Full Citation:
EBECHIDI, SIMEON. (). OIL PRICE SHOCKS AND THEIR EFFECTS ON OIL AND GAS STOCK RETURNS IN NIGERIA. African and General Studies, 40, 14858.
Citation Formats:
APA
EBECHIDI, SIMEON. (). OIL PRICE SHOCKS AND THEIR EFFECTS ON OIL AND GAS STOCK RETURNS IN NIGERIA. African and General Studies, 40, 14858.
MLA
EBECHIDI, SIMEON. "OIL PRICE SHOCKS AND THEIR EFFECTS ON OIL AND GAS STOCK RETURNS IN NIGERIA." African and General Studies, vol. 40, , pp. 14858.
Chicago
EBECHIDI, SIMEON. "OIL PRICE SHOCKS AND THEIR EFFECTS ON OIL AND GAS STOCK RETURNS IN NIGERIA." African and General Studies 40 (): 14858.
Document Details
| Author | EBECHIDI, SIMEON |
|---|---|
| 📁 Field | Economics Project Topics |
| 🏷️ Type | Social Sciences project topics |
| Pages | 62 Pages |
| Words | 12658 words |
| 📘 Chapters | 1 to 5 Chapters |