Work

Nigeria’s Financial Sector Development and Crude Oil Exports: Is There a Link?

Year: 2023

Type: article

Abstract: Using yearly data from 1986 to 2020, the study looked at whether the Nigeria's financial sector development is connected to the country’s ever increasing crude oil exports. The results of the utilized Autoregressive Distributed Lag (ARDL) model demonstrated that, both in the short and long periods, there is no connection between Nigeria's financial sector development and crude oil exports. Additionally, the research indicated that the country's financial system is not yet adequately established to sustain exports of goods other than crude oil in the short term.

Source: International Journal of Energy Economics and Policy

DOI: 10.32479/ijeep.14061

Authors: Rotimi Ayoade Ogunjumo, Benjamin Ayodele Folorunso, Stephen Adesina Ibitowa, Ademola Andrew Onabote

Institutions: Landmark University, Obafemi Awolowo University

Language: English

Topic: Natural Resources and Economic Development

Subfield: General Economics, Econometrics and Finance

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDG: Decent work and economic growth

Open Access status: gold

Estimated APC paid: $590