Economic policy uncertainty index for Nigeria

Mohammed M. Tumala, Babatunde Omotosho, Mohammed G. Mohammed, Murtala Musa and Bright E. Eguasa

MPRA Paper from University Library of Munich, Germany

Abstract: We construct an index of economic policy uncertainty (EPU) for Nigeria following the news-based approach developed by Baker et al. (2016). The index is based on news articles published by five Nigerian newspapers over the period May 2009 – June 2023.The computed index tracks major events in the country, increasing during periods of higher uncertainties around key economic and political developments. For instance, the terrorist activities of 2011, negative oil price shocks of 2014, the economic recession of 2016, the COVID-19 pandemic, and the country’s election cycles were associated with higher levels of the index. The computed index is useful for economic and policy analyses.

Keywords: News; Policy Uncertainty; Economic Developments (search for similar items in EconPapers)
JEL-codes: C43 D80 L38 (search for similar items in EconPapers)
Date: 2023-08
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://mpra.ub.uni-muenchen.de/118579/1/Economic% ... %20for%20Nigeria.pdf original version (application/pdf)
https://mpra.ub.uni-muenchen.de/119008/8/MPRA_paper_119008.pdf revised version (application/pdf)

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:pra:mprapa:118579

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 ().