EconPapers    
Economics at your fingertips  
 

External Shocks, Institutional Quality, and Macroeconomic Performance in Nigeria

S. S. Abere and T. O. Akinbobola

SAGE Open, 2020, vol. 10, issue 2, 2158244020919518

Abstract: The study examines the relative contributions of external shocks and institutional quality to macroeconomic performance in Nigeria, using Structural Vector Autoregressive (SVAR) approach. The study establishes the dominance of the relative contributions of external shocks measures over institutional quality to macroeconomic performance in the country. Even though the dominance of terms of trade and foreign aid is highlighted, the role of institutional quality is equally important as it also has significant positive effect on performance. The study concludes that both external shocks and institutional quality play significant roles, and hence, posits the existence of favorable institutional environments as a panacea to successfully absorbing the influence of external shocks which are exogenous to the economy.

Keywords: external shocks; institutional quality; macroeconomic performance; terms of trade; foreign aid (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
https://journals.sagepub.com/doi/10.1177/2158244020919518 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:sae:sagope:v:10:y:2020:i:2:p:2158244020919518

DOI: 10.1177/2158244020919518

Access Statistics for this article

More articles in SAGE Open
Bibliographic data for series maintained by SAGE Publications ().

 
Page updated 2021-01-15
Handle: RePEc:sae:sagope:v:10:y:2020:i:2:p:2158244020919518