A copy of this work was available on the public web and has been preserved in the Wayback Machine. The capture dates from 2022; you can also visit the original URL.
The file type is
ASYMMETRIC IMPACTS OF OIL PRICE SHOCKS ONUNEMPLOYMENT: EVIDENCE FROM NIGERIA
The Review of Finance and Banking
Nigerian economy depends mainly on oil. The country produces and exports crude oil and at the same time, imports re...ned oil as input into domestic production. Consequently, changes in oil price will have a major e¤ect on phenomenon such as unemployment rate. This paper assesses the impacts of changes in oil price on the unemployment rate. Applying the standard linear Autoregressive Distributed Lag (ARDL) approach, the result shows that shock to oil price has no signi...cant long-run e¤ect ondoi:10.24818/rfb.20.12.01.05 fatcat:gtoanqxwxfak7pkxdabodiziee