Oil Price Instability And Industrial Sector Output In Nigeria

65 pages Chapters 5 ID: ECO0503

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Project Details

DepartmentEconomics
TypeProject
Pages65
Chapters5
MethodologyRegression Analysis
Reference StyleYES
FormatMS Word & PDF
Reference No.ECO0503

Abstract

ABSTRACT This paper analyses oil prics stability and industrial sector output in Nigeria. Results show that the impact of oil price on industrial sector output is asymmetric in nature; with the impact of oil price decrease significantly greater than oil price increase. Also, from the variance decompositions, oil price changes play a significant role in determining the variance decompositions of output and prices. The implication is that any policy that is aimed at moving the economy forward must focus on price stability in which changes in oil price play a significant role. CHAPTER ONE INTROD…

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Pages65
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