The determinants of current account balance in an oil-rich exporting country: the case of Nigeria

Eberechukwu Uneze and Maxwell Ekor

MPRA Paper from University Library of Munich, Germany

Abstract: This paper examines the determinants of current accounts balance in Nigeria with emphasis on oil- related variables using the Johansen–Julius vector error correction estimation approach, the impulse response function and the variance decomposition analysis. The results showed that oil price, oil balance and oil revenue are positively related with the current account, with only oil wealth having a significant negative impact in the long run. We find that the impact of oil price on the current balance is only significant in the short run. The variance decomposition analysis indicated that the variance in the current account is better explained by shocks to itself followed by shocks to oil price, oil balance and fiscal balance

Keywords: Current Accounts Balance; Fiscal Deficit; Vector Error Correction (search for similar items in EconPapers)
JEL-codes: F32 F41 H62 (search for similar items in EconPapers)
Date: 2012
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

Published in OPEC Energy Review 4.36(2012): pp. 456-478

Downloads: (external link)
https://mpra.ub.uni-muenchen.de/107862/1/MPRA_paper_107862.pdf original version (application/pdf)

Related works:
Journal Article: The determinants of current account balance in an oil-rich exporting country: the case of Nigeria (2012)
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:pra:mprapa:107862

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().