Table 1

Data measurement and sources

VariableSourceMeasurement
Macroeconomic volatilityOutputCBNGenerated using GARCH (1,1)
Inflation
External shockOil priceCBNInternational oil price
Financial variablesDomestic credit to the private sectorCBNDomestic credit to the private sector as a percentage of GDP
Market capitalisationCBNStock market capitalisation as a percentage of GDP
Control variablesExchange rateIFSReal effective exchange rate
International reserveCBNTotal external reserve

Note(s): CBN signifies Central Bank of Nigeria Statistical Bulletin, while IFS represents IMF International Financial Statistic Database

Source(s): Authors' own work

[ViewLarge]
This Feature Is Available To Subscribers Only

or Create an Account

Close Modal
Close Modal