Tag: dynamics

THE DYNAMICS OF REGIONAL INFLATION RATES IN NIGERIA |  Journal of Economics and Trade.

The lack of pricing control in Nigeria, as well as the attitude of retailers, has resulted in no discernible pattern in inflation rates. Consumers have relied on retailers to fix prices on a daily basis. Retailers can decide what price things are sold in the market at any time. As a result, there are variances in inflation rates across the country. The national government pays little or no attention because the national inflation rate is its primary concern. The National Bureau of Statistics’ pricing section collects data on prices that are used to create state price indices. The state index series available at the National Bureau of Statistics is used to compute state inflation rates for all states in order to study the reasons behind the fluctuations in inflation rates. The country’s existing regional structure was used to compute average inflation rates of states within each region, which was then used to generate a multiple regression model of inflation rates for the regions, revealing that the North West and South East contribute the least to Nigeria’s rising inflation rates. Despite the above finding, the study was able to determine that the North is the primary contributor to Nigeria’s rising inflation rates. The hypothesis was investigated using analysis of variance, and the results showed that there was no significant difference in the means of inflation rates between the regions over the study period.

Please see the link :- https://www.ikprress.org/index.php/JET/article/view/6938

MODELING THE DYNAMICS OF CRUDE OIL PRICES AND ITS INTERACTION WITH EXCHANGE RATE IN NIGERIA |  Journal of Economics and Trade.

The emergence of the coronavirus epidemic, as well as the subsequent worldwide recession, has piqued researchers’ and stakeholders’ interest in how oil price dynamics affect Nigeria’s exchange rate performance. This interest stems from the tremendous volatility of the period and the failure of many countries to cope with it, leading to the economic crisis of many, including Nigeria. The global supply of commodity products and services was disrupted by the Coronavirus, which caused major markets to crash, notably the crude oil market. Oil prices fell from $67.12 per barrel on 2 January 2020 to $12.22 on 22 April 2020, and then to $40.91 on 22 October 2020, during the mild stage of the epidemic. As a result of these occurrences, this study investigates the impact of oil price dynamism on the performance and exchange rate of the crude oil market. The impulse response function, variance decomposition, and granger causality were calculated using the Toda-Yamamoto model using monthly data from 2000m1 to 2020m6. The data show that the Nigerian stock market is predominantly controlled by macroeconomic global factors. Specifically, when the price of oil becomes erratic and unpredictable, investors prefer to have cash on hand rather than invest in the market at a risky time. The data show that oil price shock, rather than oil price fluctuation, has a significant impact on the exchange rate. Furthermore, the exchange rate reacts negatively to oil price shocks but favourably to volatility in oil prices. The granger causality result, on the other hand, reveals that the control of oil price volatility on the exchange rate is not significant..

Please see the link :- https://www.ikprress.org/index.php/JET/article/view/6415