Augustine, C. Odo and Iduma, M. C and Odionye, Chukwudi Joseph and Urama, Chinasa E. and Emengini, Emeka Steve and Farah, Farah Yasin Farah (2025) Quantifying the heterogeneous effects of oil price shocks on domestic inflation of oil-rich countries in sub-Saharan Africa. The Journal of International Trade & Economic Development, 34 (2). pp. 1-40.
![[img]](http://eprints.gouni.edu.ng/style/images/fileicons/text.png) |
Text
Quantifying the heterogeneous effects of oil price shocks on domestic inflation of oil-rich countries in sub-Saharan Africa.pdf Download (3MB) |
Abstract
The study investigates the impact of oil price shocks on inflation components in Nigeria Congo, Angola, and Equatorial Guinea using non-linear and threshold non-linear auto regressive distributed lag models. In the long run, positive oil price shocks significantly influenced core and headline inflation in Nigeria and Angola, while negative Shock shad stronger effects in Equatorial Guinea and the Republic of Congo, particularly energy and fold inflation. Mild positive shocks increased inflation in Angola and the Republic of Congo but reduced inflation in Equatorial Guinea. Mild negative shocks reduced inflation in Equatorial Guinea but raised inflation in the Republic of Congo Moderate shock shad mixed effects, with positive shocks increasing inflation. In the long run, large positive shocks generally raised inflation, while moderate and mild shock shad mixed or insignificant effects. The study recommends for diversification of economic sectors and strengthening of inflation targeting framework to stabilize prices.
| Item Type: | Article |
|---|---|
| Subjects: | A General Works > AC Collections. Series. Collected works |
| Divisions: | Faculty of Law, Arts and Social Sciences > School of Education |
| Depositing User: | mrs chioma hannah |
| Date Deposited: | 03 Mar 2025 14:26 |
| Last Modified: | 03 Mar 2025 15:40 |
| URI: | http://eprints.gouni.edu.ng/id/eprint/4430 |
Actions (login required)
 |
View Item |
