THE EFFECT OF CRUDE OIL PRICE VOLATILITY ON ECONOMIC GROWTH IN NIGERIA
📄 Project Abstract
The objective of this research is to examines the effect of crude oil price volatility on economic growth in Nigeria using annual time series data covering the period between 1981 and 2019. The techniques employed are Augmented Dickey Fuller unit root test, Johansen Cointegration Analysis, Ordinary Least Square and Granger causality test. The ADF unit root test results indicate none of the variables is stationary at level, however the variables became stationary at first difference i.e. I(1). The Cointegration test indicated the existence of long-run relationship between crude oil prices and economic growth. The ordinary least square results show that there is positive and significant relationship between crude oil prices and economic growth in Nigeria. The result of the Granger causality test result indicates the existence of bidirectional causal relationship between crude oil prices and fuel pump price, fuel pump price and exchange rate. Based on these findings, the research conclude...
🔍 Key Research Areas Covered
- ✅ Literature Review & Theoretical Framework
- ✅ Research Methodology & Data Collection
- ✅ Data Analysis & Statistical Methods
- ✅ Findings & Results Discussion
- ✅ Recommendations & Conclusions
- ✅ References & Bibliography
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- Problem Statement & Objectives
- Theoretical Framework & Related Studies
- Data Collection & Analysis Methods
- Findings & Statistical Analysis
- Recommendations & Future Research
- Questionnaires, Data, References
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THE EFFECT OF CRUDE OIL PRICE VOLATILITY ON ECONOMIC GROWTH IN NIGERIA
Full Citation:
JOSEPH TERFA ITYAV. (). THE EFFECT OF CRUDE OIL PRICE VOLATILITY ON ECONOMIC GROWTH IN NIGERIA. African and General Studies, 40, 14858.
Citation Formats:
APA
JOSEPH TERFA ITYAV. (). THE EFFECT OF CRUDE OIL PRICE VOLATILITY ON ECONOMIC GROWTH IN NIGERIA. African and General Studies, 40, 14858.
MLA
JOSEPH TERFA ITYAV. "THE EFFECT OF CRUDE OIL PRICE VOLATILITY ON ECONOMIC GROWTH IN NIGERIA." African and General Studies, vol. 40, , pp. 14858.
Chicago
JOSEPH TERFA ITYAV. "THE EFFECT OF CRUDE OIL PRICE VOLATILITY ON ECONOMIC GROWTH IN NIGERIA." African and General Studies 40 (): 14858.
Full Citation:
JOSEPH TERFA ITYAV. (). THE EFFECT OF CRUDE OIL PRICE VOLATILITY ON ECONOMIC GROWTH IN NIGERIA. African and General Studies, 40, 14858.
Citation Formats:
APA
JOSEPH TERFA ITYAV. (). THE EFFECT OF CRUDE OIL PRICE VOLATILITY ON ECONOMIC GROWTH IN NIGERIA. African and General Studies, 40, 14858.
MLA
JOSEPH TERFA ITYAV. "THE EFFECT OF CRUDE OIL PRICE VOLATILITY ON ECONOMIC GROWTH IN NIGERIA." African and General Studies, vol. 40, , pp. 14858.
Chicago
JOSEPH TERFA ITYAV. "THE EFFECT OF CRUDE OIL PRICE VOLATILITY ON ECONOMIC GROWTH IN NIGERIA." African and General Studies 40 (): 14858.
Document Details
| Author | JOSEPH TERFA ITYAV |
|---|---|
| 📁 Field | Economics Project Topics |
| 🏷️ Type | Social Sciences project topics |
| Pages | 80 Pages |
| Words | 14933 words |
| 📘 Chapters | 1 to 5 Chapters |