Modelling the Response of Fiscal Policy to External Shocks: The Case of Nigeria

Muse, Bernard and Nwogwugwu, Uche (2018) Modelling the Response of Fiscal Policy to External Shocks: The Case of Nigeria. Asian Journal of Economics, Business and Accounting, 7 (4). pp. 1-11. ISSN 2456639X

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Abstract

The study assesses the response of Nigerian fiscal policy to a number of external shocks, namely; oil price, foreign aid and exchange rate shocks using Vector Autoregressive (VAR) estimation approach. The results show that fiscal policy in Nigeria is responsive to external shocks mainly oil price shocks, while shocks due to government revenue are also shown as significant for explaining economic activities measured by GDP in Nigeria.

Item Type: Article
Subjects: Pacific Library > Social Sciences and Humanities
Depositing User: Unnamed user with email support@pacificlibrary.org
Date Deposited: 15 May 2023 04:39
Last Modified: 17 Oct 2024 04:27
URI: http://editor.classicopenlibrary.com/id/eprint/1221

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