Use this URL to cite or link to this record in EThOS:
Title: Multisector small open economy DSGE model for oil exporting countries : the case of Nigeria
Author: Zubair, Abdulrasheed
ISNI:       0000 0004 7968 6753
Awarding Body: Cardiff University
Current Institution: Cardiff University
Date of Award: 2019
Availability of Full Text:
Access from EThOS:
Access from Institution:
Small Open Oil Exporting Countries are often identified with frequent variation in output which in turn affect other macroeconomic fundamentals. This thesis investigates the effect of Oil price shocks, Productivity shocks to Tradeable (oil and non-oil) and Non-tradeable Sectors of the Nigerian economy. The Standard Small Open Economy Dynamic Stochastic General Equilibrium (DSGE) Model is extended by segregating the Tradeable sector into Oil and Non-oil sectors. The model has been estimated by Simulated-based Indirect Inference Method on non-stationary Nigerian data. Using indirect inference test technique which compares the model's simulated behaviour generated with the actual data as represented by an auxiliary model. The results of the test show that the model has passed the Wald test. The estimated model suggests that oil has changed the structure of the Nigerian economy, but it does not seem that there is a 'resource curse' that public policy could have averted. Empirical evidence from the Estimated model indicates that an increase in government spending smoothen the variation of output growth rate from its efficient level and improve welfare of Nigerian household.
Supervisor: Not available Sponsor: Not available
Qualification Name: Thesis (Ph.D.) Qualification Level: Doctoral
EThOS ID:  DOI: Not available