IDEAS home Printed from https://ideas.repec.org/a/scn/018798/14509585.html
   My bibliography  Save this article

A forecast of the dynamic response of the Nigerian economy to the 2007/2008 global financial crisis

Author

Listed:
  • Umaru Ibrahim Gerarh

    (Nasarawa State University)

Abstract

The financial and economic Tsunami that erupted and shook the world in 2007/2008 is by now legendary. If anything, it has underscored the importance of planning in the recovery of the global economy, but perhaps more important, in containing the negative consequences of future shocks at the local level. However, this can only be done on the basis of sound understanding of the character of the present (2007/2008) crisis and how it is likely to impact on Nigeria economy in the immediate future. Using impulse response functions and variance decomposition techniques, this paper forecasts the dynamic response of the Nigerian economy to impulses both from within and outside the domestic economic system, triggered by the 2007/2008 global financial meltdown. It was found that the crisis is likely to be more severe not in the short-run but starting from 2015. Also, that in order to contain future shocks, there would the need to fundamentally restructure the external sector of the economy.

Suggested Citation

  • Umaru Ibrahim Gerarh, 2013. "A forecast of the dynamic response of the Nigerian economy to the 2007/2008 global financial crisis," Sovremennaa ekonomika: problemy, tendencii, perspektivy Современная экономика: проблемы, тенденции, перспективы, CyberLeninka;Муромский институт (филиал) Государственного образовательного учреждения высшего профессионального образования "Владимирский государственный университет им. Александра Григорьевича и Николая Григорьевича Столетовых", issue 9 (2), pages 237-258.
    • Handle: RePEc:scn:018798:14509585
    as

    Download full text from publisher

    File URL: http://cyberleninka.ru/article/n/a-forecast-of-the-dynamic-response-of-the-nigerian-economy-to-the-2007-2008-global-financial-crisis
    Download Restriction: no
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:scn:018798:14509585. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: CyberLeninka (email available below). General contact details of provider: http://cyberleninka.ru/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.