CAUSAL RELATIONSHIP BETWEEN DROP IN OIL PRICE, FOREIGN DIRECT INVESTMENT AND INFLATION: A COMPARATIVE STUDY OF NET EXPORTER AND NET IMPORTER OF OIL.

Eyisi, A. S. and Nwanne, T.F.I (2017) CAUSAL RELATIONSHIP BETWEEN DROP IN OIL PRICE, FOREIGN DIRECT INVESTMENT AND INFLATION: A COMPARATIVE STUDY OF NET EXPORTER AND NET IMPORTER OF OIL. International Journal of Advanced Research, 5 (7). pp. 1993-1999. ISSN 2320-5407

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Abstract

We explored a comparative analysis of the casual relationship between drop in oil price, FDI and inflation using India and Nigeria as case net importer of oil and net exporter of oil respectively. Granger Causality Test analytical method was employed using a regression model. Findings revealed that drop in oil price has not significantly caused the increase in consumer spending in India and Nigeria and that drop in oil price has not significantly caused the drop in foreign cash inflow in India while it was found to have caused a drop in foreign cash inflow in Nigeria. It was recommended that Nigeria as a monoproduct economy should start adjusting to exploit other natural resources in the nation to cushion the economic hassle overdependence on oil have forced it into.

Item Type: Article
Subjects: H Social Sciences > H Social Sciences (General)
H Social Sciences > HF Commerce
Divisions: Faculty of Management and Social Sciences
Depositing User: mrs chioma hannah
Date Deposited: 20 Jun 2019 09:28
Last Modified: 20 Jun 2019 09:28
URI: http://eprints.gouni.edu.ng/id/eprint/1687

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