Modelling sectoral sensitivity to macroeconomic shocks: Evidence from Nigeria

نویسندگان

چکیده

The Nigerian economy has been repeatedly hit by macroeconomic shocks, primarily owing to its overreliance on crude oil and poor resource management. Given the limited resilience capacity of Nigeria's economic sectors, this study examined sensitivity these sectors shocks using Vector Autoregression (VAR) Error Correction (VEC) models in whose frameworks was carried out for period between 2010Q1 2021Q4. findings revealed high responsiveness services agricultural fiscal as well industrial sector interest rate shocks. Also, found be more resilient price than other sectors. Therefore, advocates developing strategies boost sectoral productivity skillfully blend monetary policies so cushion effects Overall, provides evidence Nigeria.

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ژورنال

عنوان ژورنال: Ekonomski horizonti

سال: 2022

ISSN: ['1450-863X', '2217-9232']

DOI: https://doi.org/10.5937/ekonhor2203263a