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External Shocks, Institutional Quality, and Macroeconomic Performance in Nigeria

Domaine:

socioeconomic

Type de record:

paper
Créateur:
S. T.
Éditeur:
Sage Journals
Hôte:avatar
The study examines the relative contributions of external shocks and institutional quality to macroeconomic performance in Nigeria, using Structural Vector Autoregressive (SVAR) approach. The study establishes the dominance of the relative contributions of external shocks measures over institutional quality to macroeconomic performance in the country. Even though the dominance of terms of trade and foreign aid is highlighted, the role of institutional quality is equally important as it also has significant positive effect on performance. The study concludes that both external shocks and institutional quality play significant roles, and hence, posits the existence of favorable institutional environments as a panacea to successfully absorbing the influence of external shocks which are exogenous to the economy.

Visit

doi.orgsage.figshare.com

Tags

200199 Communication and Media Studies not elsewhere classifiedFOS: Media and communications160299 Criminology not elsewhere classifiedFOS: LawEducation170199 Psychology not elsewhere classifiedFOS: PsychologySociologyFOS: Sociology

Licenses

CC BY 4.0https://creativecommons.org/licenses/by/4.0

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