 Climate Change and Macro Prices in Nigeria: A Nonlinear AnalysisManaging Global Transitions, 2022, vol. 20, issue 2 (Summer), 167-203 Abstract: The study analyses the impacts of climate change on macro prices (food prices, interest rate, and exchange rate). Secondary data from 1960--2019 are used, and the nonlinear autoregressive distributed lag method is employed accordingly. The results reveal that there is a long-run relationship among the variables employed. In addition, asymmetry only exists between food prices and exchange rate in the short run while it only subsists for all macro prices, except interest rate as a dependent variable, in the long run. Also, the relative effects of climate change on macro prices grade food prices with the highest effect. In fact, the continual need for climate policies in both financial and real sectors to douse the effect of climate change on macro prices cannot be overemphasised. Therefore, this study recommends that the Nigerian government and policymakers should ratify and pursue policy initiatives and strategies based on both negative and positive changes in macro prices. Keywords: asymmetry; climate change; macro prices; nonlinear ARDL (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:mgt:youmgt:v:20:y:2022:i:2:p:167-203 Ordering information: This journal article can be ordered from DOI: 10.26493/1854-6935.20.167-203 Access Statistics for this article Managing Global Transitions is currently edited by Jana Hojnik More articles in Managing Global Transitions from University of Primorska, Faculty of Management Koper Contact information at EDIRC. |
Is your work missing from RePEc? Here is how to contribute.
Questions or problems? Check the EconPapers FAQ or send mail to .
EconPapers is hosted by the
School of Business at Örebro University.