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dc.contributor.advisorJalilian, Hossein
dc.contributor.advisorArora, Rashmi
dc.contributor.authorAkpan, Nkereuwem I.
dc.date.accessioned2019-11-18T08:23:42Z
dc.date.available2019-11-18T08:23:42Z
dc.identifier.urihttp://hdl.handle.net/10454/17454
dc.description.abstractThis research examines the impact of external shocks on Nigeria’s output performance for the period 1981 – 2015. It aims to bring to the fore the importance of considering external shocks during policy design and implementation. The multivariate VAR and VECM frameworks were used to evaluate the impact of the shock variables on Nigeria’s output performance and to achieve the stated objectives. Findings show that the external shock and domestic policy variables have short-run effects on Nigeria’s output performance. Also, all the measures of external shocks and domestic policies display some viable information in explaining the variabilities in Nigeria’s output performance over the horizon. The comparison between the results of the VECM and the unrestricted VAR shows that the unrestricted VAR model outperformed the VECM. The overall result of the study confirms the view about the vulnerability of the Nigerian economy to external shocks. These shocks explain more than half of the variance in real output performance and have varying effects on output performance in Nigeria. The dynamic response of output performance to each of the defined shock variables show that output performance responds rapidly to the shock variables, while its response to the domestic economic variables is seemingly moderate. Finally, the variance decomposition show that international crude oil price and terms of trade have the largest share in accounting for the variability in output performance, followed closely by the shares of capital inflows and monetary policy.en_US
dc.language.isoenen_US
dc.publisherUniversity of Bradforden_US
dc.rights<a rel="license" href="http://creativecommons.org/licenses/by-nc-nd/3.0/"><img alt="Creative Commons License" style="border-width:0" src="http://i.creativecommons.org/l/by-nc-nd/3.0/88x31.png" /></a><br />The University of Bradford theses are licenced under a <a rel="license" href="http://creativecommons.org/licenses/by-nc-nd/3.0/">Creative Commons Licence</a>.eng
dc.subjectExternal shocksen_US
dc.subjectGlobal financial crisisen_US
dc.subjectBusiness cyclesen_US
dc.subjectVector autoregressionen_US
dc.subjectImpulse response functionen_US
dc.subjectInnovationsen_US
dc.subjectVariance decompositionen_US
dc.subjectFunctionen_US
dc.subjectVector error correctionen_US
dc.subjectNigeriaen_US
dc.titleThe Impact of External Shocks on Nigeria’s GDP Performance within the Context of the Global Financial Crisisen_US
dc.type.qualificationleveldoctoralen_US
dc.publisher.institutionUniversity of Bradfordeng
dc.publisher.departmentFaculty of Management, Law and Social Sciencesen_US
dc.typeThesiseng
dc.type.qualificationnamePhDen_US
dc.date.awarded2018
refterms.dateFOA2019-11-18T08:23:42Z


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