[PDF] Top 20 Statistical Modeling of Crude Oil Price Volatility in Nigeria

... the price series is not as ...applies statistical models to estimate the causal relationship between crude oil prices and several factors, such as capacity utilization, production quotas, and ... See full document

... of Crude oil price volatility on Nigeria’s Naira (₦)| per US dollar ($) exchange rate, this paper used the nonparametric method known as the BDS ...on statistical grounds deciding ... See full document

... between oil prices and key macroeconomic variables in Nigeria in a multivariate framework using times series data from 1980 to ...between oil prices and macroeconomic indicators (inflation, interest ... See full document

... of oil revenues in Nigeria has not been disclosed and is out of reach for most ...since Nigeria joined the Extractive Industry Transparency Initiative, which was started in 2002 on the initiative of ... See full document

... is crude oil, changes in oil prices has implications for the Nigerian economy and, in particular, exchange rate ...an oil exporting and oil-importing country, a situation that emerged ... See full document

... economy, Nigeria remains susceptible to the movements in international crude oil ...favourable oil price shocks triggered by conflicts in some oil - producing areas of the world, ... See full document

... the volatility modeling can help capturing the empirical regularities that characterize the commodity ...the volatility of food com- modity markets in general is scarce, compared to the literature on ... See full document

... between crude oil price, exchange rate and capital formation is crucial, but it has received little attention from researchers in the Nigerian economic environment over the years, and there is a ... See full document

... of oil price volatility on the fiscal behaviour of the government in Nigeria using data for the period 1970 to ...real oil prices affected government expenditure dynamics and that there ... See full document

... As mentioned above, for major CPI and PPI subcategories these trends last from five to twenty years and then turn to trends with opposite slopes. We also found that the period of transition (often characterized by an ... See full document

... imports crude oil and its products as well as agricultural commodities, farm equipment and machineries also depends on foreign exchange rates for international ...transactions. Crude oil is ... See full document

... of oil price volatility on stock price in Nigeria using quarterly data from 1990 to 2012 ...that oil prices have exerted significant impacts on most macroeconomic variables in ... See full document

... Furthermore, due to the high importance of forecasting economic variables, different models have been proposed for modeling the relationship between the variables and forecasting them. These models can be divided ... See full document

... Crude oil is a global commodity traded across the world ...for crude oil have been analyzed using daily prices of crude oil futures and the implied volatility index ... See full document

... of oil price changes on economic activity and discussed the mechanisms through which these effects transmit to other macroeconomic indicators ...industrialized oil importing economies, some have ... See full document

... Licensed under Creative Common Page 586 McKinnon (1963). This theory is based on concepts of the symmetry of shocks, the degree of openness, and labor market mobility. However, since the links between the nominal ... See full document

... the oil price shocks on economic activities. He separated the real oil price variable into upward and downward movements in order to analyze the oil price increases and ...any ... See full document

... between oil price volatility and equity market ...to volatility. John Elder et al. [11] studied the effects of oil price uncertainty in Canada and their study exposes that ... See full document

... the crude oil and natural gas markets over the last few years with the arrival of hedge funds and other new players has led researchers and practitioners to focus on these crucial ... See full document

... between crude oil and fuel prices for the different transport modes, the study has focused here on three distinct transport sectors: road, aviation and ...concerned, oil prices only partially ... See full document