The Asymmetric Effect of Selected Agricultural Commodities and Oil Prices on Economic Growth in Nigeria - Acta Universitatis Sapientiae

✕
Sapientia.ro Sapientia.ro
Acta Universitatis Sapientiae  Sapientia University  ISSUU - Acta Universitatis Sapientiae  Journals for Free 
✕
Volume 12, 2024
The Asymmetric Effect of Selected Agricultural Commodities and Oil Prices on Economic Growth in Nigeria
Umaru AMINU, Matthew Oladapo GIDIGBI, Bishara Saidu DOGO

Acta Univ. Sapientiae, Economics and Business, 12 (2024) 27–50

DOI: 10.47745/auseb-2024-0002

Abstract. This paper asymmetrically examined the effect of selected commodity prices on Nigeria’s economic growth using the Non-linear Autoregressive Distributed Lagged (NARDL) model.Data extracted from the Central Bank of Nigeria’s Statistical Bulletin covering the period from 2010:1 to 2021:1 were used.We found that the effect of the selected commodities’ prices on economic growth is mixed, as some of the selected commodities are positively related to outputs, while some are not. Therefore, the investigation is still open due to the mixed results. This study recommends the sustained support and possible expansion of the agricultural commodities boosting the programme of the Central Government with the adequate monitoring and evaluation of such programmes. Also, the government should tackle the issue of oil importation by developing an adequate refining infrastructure through privatization or public–private partnerships to meet domestic oil demand.

Keywords: asymmetrically, commodities price, economic growth, NARDL

JEL Classification: F43, C24, Q11, Q31

Full text in PDF
Volume 12, 2024
Decoding the Financial Risk Puzzle: The Interplay of Biopsychosocial Indicators and Financial Literacy among Indian Investors, Shakira MUKHTAR, Anisa JAN, Adil ZAHOOR, Danish MEHRAJ, Viqar U. NISSA The Asymmetric Effect of Selected Agricultural Commodities and Oil Prices on Economic Growth in Nigeria, Umaru AMINU, Matthew Oladapo GIDIGBI, Bishara Saidu DOGO Exploring the Dynamic Interplay among Foreign Aid, Energy Usage, Economic Growth, and Carbon Emissions in Nigeria, Esther Olayinka ATOYEBI, Jimoh Sina OGEDE, Soliu Bidemi ADEGBOYEGA, Ibrahim Abidemi ODUSANYA Multilateral Development Banks in Emerging Countries – The Beginning of the Transformation of the Multilateral Financial System, Zoltán EPERJESI Interaction Effects of Agricultural Output Price and Agricultural Productivity on Industrialization in Sub-Saharan Africa, Anu Keshiro TORIOLA, Oluwaseyi Adedayo ADELOWOKAN Poverty, Education, Income Inequality Nexus in South Africa: A Multivariate Approach, Mercy T. MUSAKWA, Nicholas M. ODHIAMBO COVID-19 or the Conflict: Examining the Catastrophic Effect on the Stock Markets of G-20 Economies, Mahesh DAHAL, Joy DAS, Paulami RAY Private Investment and Economic Growth in South Africa: A Multivariate Causality Approach, Glenda MALULEKE Safety Citizenship Behaviour in Malaysia Public Transportation: The Role of Safety- Specific Transformational Leadership and Safety Consciousness, Chandrakantan SUBRAMANIAM, Johanim JOHARI, Munir Shehu MASHI, Choo Ling SUAN, Siti Hawa HARITH, Ruzilawati ISNIN Asymmetry in Okun’s Law Revisited: New Evidence on the Cyclical Unemployment– Cyclical Output Nexus in the Free State Province (South Africa) Using a Nonlinear ARDL Model, Oyeyinka Sunday OMOSHORO-JONES Audit Committee Characteristics and Firm Performance: Evidence from India, Abhisheck Kumar SINGHANIA Assessing the Efficiency of Academic Departments: An Application of Data Envelopment Analysis and Tobit Analysis, Rekha HANDA, Mandeep KAUR Front pages in PDF, Inside covers in PDF,
Sapientia.ro

SAPIENTIA HUNGARIAN UNIVERSITY OF TRANSYLVANIA

Sapientia EMTE

The Sapientia Hungarian University of Transylvania is the independent university of the Hungarian community in Romania, which aims at providing education to the members of our community and performing scientific research on a high professional level. 

Contact

Sapientia Hungarian University of Transylvania,
Scientia Publishing House

Acta Universitatis Sapientiae
RO 400112 Cluj-Napoca, Romania
Str. Matei Corvin nr. 4.
Email: acta @ acta.sapientia.ro

btz webdesign