Journal of Investment and Management

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Falling Oil Price, Exchange Rate Volatility and Marco-economic Variables in Nigeria

Received: 13 July 2015    Accepted: 17 July 2015    Published: 28 July 2015
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Abstract

With the oil price at low level in Nigeria, exchange rate volatility has been manifested at different exchange rate regimes in Nigeria, the study look at the relationship between exchange rate volatility and Macroeconomics variables in Nigeria between 1985-2014. Secondary data were collected from Central Bank Statistical Bulletin, employing Johansen Error Correction Model (ECM) Technique to estimate the collected time-series data and General Conditional Heteroskedasticity (GARCH) to measure volatility. It is therefore observed and recommended that the Nigeria government should employ greater policy sensitivity towards the openness of the economy so that the capital flows that come through foreign direct investment (FDI) will be beneficial to the economy as a whole.

DOI 10.11648/j.jim.20150401.14
Published in Journal of Investment and Management (Volume 4, Issue 1, February 2015)
Page(s) 25-33
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This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.

Copyright

Copyright © The Author(s), 2024. Published by Science Publishing Group

Keywords

Exchange Rate, Foreign Direct Investment, Economic Growth, Marco-economic Variable

References
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[21] E.Kocenda and J. Valachy, “Exchange rate volatility and regime change: A visegrad comparison” Journal of Comparative Economics, pp. 727-753, 2006.
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Author Information
  • Department of Economic, Joseph Ayo Babalola University, Ikeji-Arakeji, Osun State

  • Department of Economic, Emmanuel Alayande College of Education, Oyo, Oyo State, Nigeria

  • Department of Economic, Emmanuel Alayande College of Education, Oyo, Oyo State, Nigeria

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  • APA Style

    Olure Bank Adeyinka Michael, Gbadebo Salako, Ajiteru Temilade. (2015). Falling Oil Price, Exchange Rate Volatility and Marco-economic Variables in Nigeria. Journal of Investment and Management, 4(1), 25-33. https://doi.org/10.11648/j.jim.20150401.14

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    ACS Style

    Olure Bank Adeyinka Michael; Gbadebo Salako; Ajiteru Temilade. Falling Oil Price, Exchange Rate Volatility and Marco-economic Variables in Nigeria. J. Invest. Manag. 2015, 4(1), 25-33. doi: 10.11648/j.jim.20150401.14

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    AMA Style

    Olure Bank Adeyinka Michael, Gbadebo Salako, Ajiteru Temilade. Falling Oil Price, Exchange Rate Volatility and Marco-economic Variables in Nigeria. J Invest Manag. 2015;4(1):25-33. doi: 10.11648/j.jim.20150401.14

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  • @article{10.11648/j.jim.20150401.14,
      author = {Olure Bank Adeyinka Michael and Gbadebo Salako and Ajiteru Temilade},
      title = {Falling Oil Price, Exchange Rate Volatility and Marco-economic Variables in Nigeria},
      journal = {Journal of Investment and Management},
      volume = {4},
      number = {1},
      pages = {25-33},
      doi = {10.11648/j.jim.20150401.14},
      url = {https://doi.org/10.11648/j.jim.20150401.14},
      eprint = {https://download.sciencepg.com/pdf/10.11648.j.jim.20150401.14},
      abstract = {With the oil price at low level in Nigeria, exchange rate volatility has been manifested at different exchange rate regimes in Nigeria, the study look at the relationship between exchange rate volatility and Macroeconomics variables in Nigeria between 1985-2014. Secondary data were collected from Central Bank Statistical Bulletin, employing Johansen Error Correction Model (ECM) Technique to estimate the collected time-series data and General Conditional Heteroskedasticity (GARCH) to measure volatility. It is therefore observed and recommended that the Nigeria government should employ greater policy sensitivity towards the openness of the economy so that the capital flows that come through foreign direct investment (FDI) will be beneficial to the economy as a whole.},
     year = {2015}
    }
    

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    T1  - Falling Oil Price, Exchange Rate Volatility and Marco-economic Variables in Nigeria
    AU  - Olure Bank Adeyinka Michael
    AU  - Gbadebo Salako
    AU  - Ajiteru Temilade
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    JF  - Journal of Investment and Management
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    UR  - https://doi.org/10.11648/j.jim.20150401.14
    AB  - With the oil price at low level in Nigeria, exchange rate volatility has been manifested at different exchange rate regimes in Nigeria, the study look at the relationship between exchange rate volatility and Macroeconomics variables in Nigeria between 1985-2014. Secondary data were collected from Central Bank Statistical Bulletin, employing Johansen Error Correction Model (ECM) Technique to estimate the collected time-series data and General Conditional Heteroskedasticity (GARCH) to measure volatility. It is therefore observed and recommended that the Nigeria government should employ greater policy sensitivity towards the openness of the economy so that the capital flows that come through foreign direct investment (FDI) will be beneficial to the economy as a whole.
    VL  - 4
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