IDEAS home Printed from https://ideas.repec.org/h/pal/palchp/978-0-230-59018-2_13.html
   My bibliography  Save this book chapter

Nigeria

In: Macroeconomic Volatility, Institutions and Financial Architectures

Author

Listed:
  • S. Ibi Ajayi
  • Adeola Adenikinju

Abstract

This chapter is concerned with the Nigerian study on the link between macro volatility and institutions. Nigeria is a small, open, oil-dependent, and heavily indebted country1 that shares most of the characteristics of countries that exhibit high volatility. Among the 79 countries included in a study by Hnatkovska and Loayza (2004), Nigeria’s volatility index (measured as the standard deviation of GDP growth) of 7.556 was only surpassed by Algeria 8.285, Syria 8.204, Iran 7.718, and China 7.994. It is also higher than the mean of 4.124 for all the countries in the sample. Similarly, Fanelli (2005a) shows that among African countries, Nigeria has one of the highest income and consumption volatilities.

Suggested Citation

  • S. Ibi Ajayi & Adeola Adenikinju, 2008. "Nigeria," Palgrave Macmillan Books, in: José María Fanelli (ed.), Macroeconomic Volatility, Institutions and Financial Architectures, chapter 13, pages 347-373, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-59018-2_13
    DOI: 10.1057/9780230590182_13
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    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:pal:palchp:978-0-230-59018-2_13. 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: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    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.