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Revised small macro-econometric model of the Nigerian economy

Sam O. Olofin et al.

Applied Econometrics and International Development2020article
ABDC C
Weight
0.37

What the paper says

The first operational small-scale macro-econometric model of the Nigerian Economy was developed in 2013. Ever since, the country has witnessed significant changes owing to oil price shock which culminated in internal and external imbalances. Addressing these challenges among others, informed the revision of the model. Thus, in the revised model, provisions are made for unemployment and the role of expectations and uncertainty surrounding the oil and foreign exchange markets. By simulating three alternative policy scenarios using oil price, monetary policy rate and cash reserve ratio, some striking results are obtained with implications for monetary policy in Nigeria. Alternative method was applied in the disequilibrium model of demand and supply of primary and intermediate inputs by Guisan (2011, 2013), this further supports the potential of monetary policy in addressing macroeconomic variables through interest rate channel.

4 citations

Cite this paper

@article{sam2020,
  title        = {{Revised small macro-econometric model of the Nigerian economy}},
  author       = {Sam O. Olofin et al.},
  journal      = {Applied Econometrics and International Development},
  year         = {2020},
}

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Revised small macro-econometric model of the Nigerian economy

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Evidence weight

0.37

Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40

F · citation impact0.06 × 0.4 = 0.02
M · momentum0.80 × 0.15 = 0.12
V · venue signal0.50 × 0.05 = 0.03
R · text relevance †0.50 × 0.4 = 0.20

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