Matches in SemOpenAlex for { <https://semopenalex.org/work/W2963029522> ?p ?o ?g. }
- W2963029522 endingPage "469" @default.
- W2963029522 startingPage "446" @default.
- W2963029522 abstract "Abstract Since a larger percentage of government revenue are generated from crude oil trade, the fluctuations in the price of oil have always been influencing the budget financing in Nigeria. Also, investment decisions and trade cost are been influenced by the status of the oil price. The study investigates the relationship between oil price, trade openness, current account balances and official exchange rate in Nigeria using secondary data from 1980 through 2016. The non‐linear auto‐regressive distributed lag ( NARDL ) was used to analyse the short‐run and long‐run link between the variables. From the findings, it was established that in the short run and long run, trade openness negatively impacts on the official exchange rate of naira to dollar in Nigeria. The consumer price index positively and significantly influences exchange rate value in Nigeria in the short run and long run. Positive changes in oil price impacted negatively on official exchange rate in the short run, but in the long run had a positive impact. Negative changes in the price of oil have a positive insignificant and negative significant impact on official exchange rate in the short run and long run, respectively. The error correction result verified that the variables (trade openness, current account, oil price and consumer price index) correct 91 per cent deviations of exchange rate from short‐run equilibrium back to equilibrium in the long run. The study concludes that trade policy in Nigeria is not in favourable direction of official exchange rate in Nigeria. Also, positive changes in oil price and current account balances are strong determinants of the Nigerian official exchange rate of naira to dollar in the long run. Therefore, it is recommended that trade policies should be reviewed in Nigeria towards enhancing other sectors that would add more value to naira." @default.
- W2963029522 created "2019-07-30" @default.
- W2963029522 creator A5005949652 @default.
- W2963029522 creator A5006807638 @default.
- W2963029522 creator A5017012577 @default.
- W2963029522 creator A5026177191 @default.
- W2963029522 date "2019-07-25" @default.
- W2963029522 modified "2023-09-27" @default.
- W2963029522 title "Oil price, trade openness, current account balances and the official exchange rate in Nigeria" @default.
- W2963029522 cites W1515236901 @default.
- W2963029522 cites W1974803093 @default.
- W2963029522 cites W2013183474 @default.
- W2963029522 cites W2054555630 @default.
- W2963029522 cites W2056815350 @default.
- W2963029522 cites W2083399708 @default.
- W2963029522 cites W2089572977 @default.
- W2963029522 cites W2090506711 @default.
- W2963029522 cites W2123568191 @default.
- W2963029522 cites W2131352092 @default.
- W2963029522 cites W2163304687 @default.
- W2963029522 cites W2168686621 @default.
- W2963029522 cites W2183152653 @default.
- W2963029522 cites W2190851079 @default.
- W2963029522 cites W2194601862 @default.
- W2963029522 cites W2276995800 @default.
- W2963029522 cites W2408984475 @default.
- W2963029522 cites W2499028724 @default.
- W2963029522 cites W2512128805 @default.
- W2963029522 cites W2513463370 @default.
- W2963029522 cites W2532981579 @default.
- W2963029522 cites W2599086692 @default.
- W2963029522 cites W2624945703 @default.
- W2963029522 cites W2625987507 @default.
- W2963029522 cites W2727084617 @default.
- W2963029522 cites W2763313807 @default.
- W2963029522 cites W2782905898 @default.
- W2963029522 cites W2790290779 @default.
- W2963029522 cites W2793416404 @default.
- W2963029522 cites W2797611438 @default.
- W2963029522 cites W2804945480 @default.
- W2963029522 cites W2814120368 @default.
- W2963029522 cites W2888384876 @default.
- W2963029522 cites W3121538555 @default.
- W2963029522 cites W3123655957 @default.
- W2963029522 cites W3125516714 @default.
- W2963029522 cites W3125812916 @default.
- W2963029522 doi "https://doi.org/10.1111/opec.12164" @default.
- W2963029522 hasPublicationYear "2019" @default.
- W2963029522 type Work @default.
- W2963029522 sameAs 2963029522 @default.
- W2963029522 citedByCount "1" @default.
- W2963029522 countsByYear W29630295222021 @default.
- W2963029522 crossrefType "journal-article" @default.
- W2963029522 hasAuthorship W2963029522A5005949652 @default.
- W2963029522 hasAuthorship W2963029522A5006807638 @default.
- W2963029522 hasAuthorship W2963029522A5017012577 @default.
- W2963029522 hasAuthorship W2963029522A5026177191 @default.
- W2963029522 hasConcept C10138342 @default.
- W2963029522 hasConcept C109168655 @default.
- W2963029522 hasConcept C121955636 @default.
- W2963029522 hasConcept C134024062 @default.
- W2963029522 hasConcept C136764020 @default.
- W2963029522 hasConcept C139719470 @default.
- W2963029522 hasConcept C145162277 @default.
- W2963029522 hasConcept C149782125 @default.
- W2963029522 hasConcept C15744967 @default.
- W2963029522 hasConcept C159009313 @default.
- W2963029522 hasConcept C162324750 @default.
- W2963029522 hasConcept C178131030 @default.
- W2963029522 hasConcept C18547055 @default.
- W2963029522 hasConcept C195487862 @default.
- W2963029522 hasConcept C204208750 @default.
- W2963029522 hasConcept C2776988154 @default.
- W2963029522 hasConcept C2777382242 @default.
- W2963029522 hasConcept C2779685004 @default.
- W2963029522 hasConcept C2984556133 @default.
- W2963029522 hasConcept C41008148 @default.
- W2963029522 hasConcept C52092804 @default.
- W2963029522 hasConcept C556758197 @default.
- W2963029522 hasConcept C77805123 @default.
- W2963029522 hasConcept C84976871 @default.
- W2963029522 hasConceptScore W2963029522C10138342 @default.
- W2963029522 hasConceptScore W2963029522C109168655 @default.
- W2963029522 hasConceptScore W2963029522C121955636 @default.
- W2963029522 hasConceptScore W2963029522C134024062 @default.
- W2963029522 hasConceptScore W2963029522C136764020 @default.
- W2963029522 hasConceptScore W2963029522C139719470 @default.
- W2963029522 hasConceptScore W2963029522C145162277 @default.
- W2963029522 hasConceptScore W2963029522C149782125 @default.
- W2963029522 hasConceptScore W2963029522C15744967 @default.
- W2963029522 hasConceptScore W2963029522C159009313 @default.
- W2963029522 hasConceptScore W2963029522C162324750 @default.
- W2963029522 hasConceptScore W2963029522C178131030 @default.
- W2963029522 hasConceptScore W2963029522C18547055 @default.
- W2963029522 hasConceptScore W2963029522C195487862 @default.
- W2963029522 hasConceptScore W2963029522C204208750 @default.
- W2963029522 hasConceptScore W2963029522C2776988154 @default.
- W2963029522 hasConceptScore W2963029522C2777382242 @default.