This study queries the oil price-exchange rate linkage in Nigeria deploying data at daily frequency spanning January 2, 2009 to September 28, 2010. Two volatility models – the generalised autoregressive conditional heteroscedasticity (GARCH) and exponential GARCH (EGARCH) – were deployed to...

The present paper examines the causal linkage between foreign direct investment (FDI) and economic growth - in Cote' d'Ivoire, Gambia, Ghana, Nigeria and Sierra Leone - with financial development accounted for over the period 1970-2005 within a trivariate framework which applies Granger...

This study investigates the relationship between Economic Growth (GDP) and environmental quality in Nigeria. The Environmental Kuznets Curve (EKC) hypothesis is investigated and tested with the annual data of carbon emissions capita and GDP per capita from 1970-2005. EKC hypothesis postulates a...

This study investigates the relationship that exists between energy consumption and economic growth using Nigerian annual time series from 1970-2005. The non-causality approach to causality testing and the bounds testing approach to cointegration, which is based on Autoregressive Distributed Lag...

This paper re-examined the relationship between financial development and economic growth in Nigeria. Unlike existing studies, we attempted to assess the information content of non-linearities in the finance–growth nexus for Nigeria. We also attempted to inventively gauge the impact of...

The study analysed the effect of institution on resource curse abundance-economic growth nexus using the system generalised method of moments. The empirical results refute the resource curse hypothesis in Africa. In addition, institutions have dampening effect on the nexus. This stems from the...

This study makes a cross sectional case in investigating the validity, or otherwise, of the financedriven growth hypothesis in the ECOWAS countries using annual data from 1970 to 2008 for seven countries namely: Burkina Faso, Cote d'Ivoire, The Gambia, Ghana, Nigeria, Senegal and Togo. In...